Ituran Location and Control Ltd. $ITRN Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 19.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 64,122 shares of the industrial products company’s stock after buying an additional 10,579 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ituran Location and Control were worth $2,483,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ITRN. Teacher Retirement System of Texas acquired a new position in Ituran Location and Control in the 1st quarter worth approximately $262,000. Invst LLC purchased a new stake in shares of Ituran Location and Control in the first quarter valued at $398,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Ituran Location and Control in the second quarter valued at $293,000. Foundations Investment Advisors LLC boosted its position in shares of Ituran Location and Control by 130.7% in the first quarter. Foundations Investment Advisors LLC now owns 16,667 shares of the industrial products company’s stock worth $603,000 after buying an additional 9,442 shares during the period. Finally, IFG Advisory LLC acquired a new stake in shares of Ituran Location and Control during the 1st quarter valued at $1,335,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

ITRN has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ituran Location and Control in a research note on Wednesday, October 8th. Wall Street Zen downgraded Ituran Location and Control from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $50.00.

Ituran Location and Control Trading Down 1.1%

ITRN stock opened at $36.62 on Friday. Ituran Location and Control Ltd. has a 1 year low of $26.50 and a 1 year high of $45.43. The company has a fifty day simple moving average of $36.62 and a 200 day simple moving average of $37.39. The firm has a market cap of $728.37 million, a PE ratio of 13.13 and a beta of 0.88.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Tuesday, August 19th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Ituran Location and Control had a return on equity of 28.24% and a net margin of 16.35%.The business had revenue of $86.79 million for the quarter, compared to analyst estimates of $89.17 million.

Ituran Location and Control Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, September 25th. Ituran Location and Control’s dividend payout ratio (DPR) is presently 71.68%.

About Ituran Location and Control

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.