UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $731,000 Stock Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 103.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,554 shares of the industrial products company’s stock after purchasing an additional 14,020 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ituran Location and Control were worth $731,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of Ituran Location and Control by 63.4% in the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 598 shares during the last quarter. Heron Bay Capital Management raised its holdings in Ituran Location and Control by 6.2% during the second quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company’s stock valued at $261,000 after buying an additional 622 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Ituran Location and Control by 3.4% in the second quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company’s stock worth $558,000 after buying an additional 752 shares during the last quarter. Delphi Management Inc. MA boosted its stake in shares of Ituran Location and Control by 2.9% during the 2nd quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock worth $1,565,000 after acquiring an additional 1,816 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Ituran Location and Control during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Shares of ITRN stock opened at $29.37 on Friday. The stock’s 50 day simple moving average is $28.51 and its 200 day simple moving average is $27.16. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $31.64. The company has a market capitalization of $584.29 million, a price-to-earnings ratio of 11.25 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is 59.77%.

Ituran Location and Control Company Profile

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.