Cubist Systematic Strategies LLC Has $215,000 Stock Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Cubist Systematic Strategies LLC lowered its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 11.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,744 shares of the industrial products company’s stock after selling 1,175 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ituran Location and Control were worth $215,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management acquired a new stake in Ituran Location and Control during the first quarter worth approximately $875,000. Acadian Asset Management LLC boosted its holdings in Ituran Location and Control by 21.3% in the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after acquiring an additional 85,023 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in Ituran Location and Control by 8.2% in the second quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock worth $10,941,000 after acquiring an additional 33,593 shares in the last quarter. Aristides Capital LLC boosted its holdings in Ituran Location and Control by 23.3% in the second quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock worth $4,429,000 after acquiring an additional 33,958 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in Ituran Location and Control in the first quarter worth approximately $203,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Shares of NASDAQ:ITRN opened at $26.87 on Tuesday. The business’s 50 day simple moving average is $27.16 and its two-hundred day simple moving average is $26.57. The firm has a market cap of $534.55 million, a P/E ratio of 10.75 and a beta of 1.14. Ituran Location and Control Ltd. has a 52-week low of $24.01 and a 52-week high of $30.00.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%. The business had revenue of $84.87 million for the quarter.

Ituran Location and Control Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.81%. Ituran Location and Control’s dividend payout ratio is presently 62.40%.

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.