State Street Corp Cuts Stock Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

State Street Corp trimmed its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 153,684 shares of the industrial products company’s stock after selling 2,972 shares during the period. State Street Corp’s holdings in Ituran Location and Control were worth $4,139,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ITRN. HighTower Advisors LLC acquired a new position in Ituran Location and Control during the 3rd quarter valued at about $767,000. Blue Trust Inc. raised its holdings in shares of 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 worth $38,000 after buying an additional 598 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Ituran Location and Control by 214.2% during the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after buying an additional 4,098 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Ituran Location and Control by 21.3% during the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after buying an additional 85,023 shares during the period. Finally, Walleye Capital LLC grew its holdings in shares of Ituran Location and Control by 184.5% during the third quarter. Walleye Capital LLC now owns 27,498 shares of the industrial products company’s stock valued at $730,000 after buying an additional 17,834 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Price Performance

Shares of ITRN stock opened at $29.85 on Tuesday. The business has a fifty day moving average of $28.92 and a 200 day moving average of $27.35. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $31.64. The firm has a market capitalization of $593.84 million, a price-to-earnings ratio of 11.44 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Monday, December 23rd. Ituran Location and Control’s payout ratio is 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.