- Institutional Investors Weigh In On Ituran Location and Control
- Ituran Location and Control Stock Performance
- Ituran Location and Control Dividend Announcement
- About Ituran Location and Control
- Further Reading
Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Rating) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 40,300 shares, a decrease of 6.5% from the August 31st total of 43,100 shares. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On Ituran Location and Control
Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new stake in shares of Ituran Location and Control during the 1st quarter worth about $532,000. Delphi Management Inc. MA grew its stake in Ituran Location and Control by 38.9% during the 4th quarter. Delphi Management Inc. MA now owns 14,266 shares of the industrial products company’s stock worth $380,000 after buying an additional 3,995 shares during the last quarter. Vulcan Value Partners LLC grew its stake in Ituran Location and Control by 60.6% during the 4th quarter. Vulcan Value Partners LLC now owns 3,138,609 shares of the industrial products company’s stock worth $83,707,000 after buying an additional 1,184,619 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in Ituran Location and Control by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 344,203 shares of the industrial products company’s stock worth $7,924,000 after buying an additional 6,227 shares during the last quarter. Finally, Values First Advisors Inc. grew its stake in Ituran Location and Control by 6.9% during the 1st quarter. Values First Advisors Inc. now owns 10,666 shares of the industrial products company’s stock worth $246,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 55.45% of the company’s stock.
Ituran Location and Control Stock Performance
Shares of Ituran Location and Control stock opened at $22.86 on Wednesday. The business has a 50-day moving average of $25.02 and a 200 day moving average of $24.06. Ituran Location and Control has a 12 month low of $19.73 and a 12 month high of $29.85. The stock has a market capitalization of $536.52 million, a price-to-earnings ratio of 13.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.27.
Ituran Location and Control (NASDAQ:ITRN – Get Rating) last posted its quarterly earnings results on Monday, August 29th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $73.39 million during the quarter, compared to analyst estimates of $71.94 million. Ituran Location and Control had a net margin of 12.20% and a return on equity of 25.90%. During the same period in the prior year, the business earned $0.44 EPS. As a group, sell-side analysts forecast that Ituran Location and Control will post 1.82 earnings per share for the current year.
Ituran Location and Control Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 29th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Wednesday, September 28th. Ituran Location and Control’s dividend payout ratio is currently 25.15%.