CWA Asset Management Group LLC Buys 2,144 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

CWA Asset Management Group LLC increased its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,708 shares of the industrial products company’s stock after acquiring an additional 2,144 shares during the quarter. CWA Asset Management Group LLC owned about 0.06% of Ituran Location and Control worth $396,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in 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 period. Copeland Capital Management LLC bought a new position in shares of Ituran Location and Control in the third quarter worth $50,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Ituran Location and Control in the third quarter worth $137,000. BNP Paribas Financial Markets boosted its stake in 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 valued at $160,000 after buying an additional 4,098 shares during the period. Finally, Barclays PLC grew its position in Ituran Location and Control by 132.1% during the third quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock worth $206,000 after buying an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Down 0.1 %

Shares of NASDAQ ITRN opened at $31.54 on Thursday. The stock’s 50-day simple moving average is $29.45 and its two-hundred day simple moving average is $27.60. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $33.09. The firm has a market capitalization of $627.46 million, a P/E ratio of 12.08 and a beta of 1.15.

Ituran Location and Control Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio (DPR) 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.