Public Employees Retirement System of Ohio Invests $137,000 in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Public Employees Retirement System of Ohio purchased a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) during the third quarter, HoldingsChannel reports. The institutional investor purchased 5,144 shares of the industrial products company’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after buying an additional 598 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Ituran Location and Control during the 3rd quarter valued at $50,000. BNP Paribas Financial Markets grew its position in Ituran Location and Control by 214.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 4,098 shares during the last quarter. Semanteon Capital Management LP acquired a new position in Ituran Location and Control in the 3rd quarter worth about $225,000. Finally, Caprock Group LLC bought a new position in Ituran Location and Control in the second quarter valued at about $226,000. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Trading Up 1.7 %

NASDAQ:ITRN opened at $29.86 on Friday. The stock’s 50-day moving average is $28.57 and its 200-day moving average is $27.19. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $31.64. The stock has a market cap of $594.03 million, a P/E ratio of 11.44 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Monday, December 23rd. Ituran Location and Control’s dividend payout ratio (DPR) is currently 59.77%.

Ituran Location and Control 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.