Foundations Investment Advisors LLC Purchases New Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Foundations Investment Advisors LLC purchased a new position in Ituran Location and Control Ltd. (NASDAQ:ITRN) during the third quarter, Holdings Channel reports. The fund purchased 8,585 shares of the industrial products company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Ituran Location and Control by 63.4% during the third 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 purchased a new position in shares of Ituran Location and Control during the 3rd quarter valued at $50,000. Blair William & Co. IL bought a new position in shares of Ituran Location and Control during the 1st quarter worth $203,000. Caprock Group LLC purchased a new stake in Ituran Location and Control in the 2nd quarter worth about $226,000. Finally, Heron Bay Capital Management raised its stake in Ituran Location and Control by 18.3% in the 1st quarter. Heron Bay Capital Management now owns 9,982 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 1,541 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Stock Up 2.3 %

Shares of NASDAQ:ITRN opened at $27.51 on Friday. The firm has a market capitalization of $547.17 million, a PE ratio of 10.79 and a beta of 1.14. The company has a 50-day moving average price of $27.37 and a two-hundred day moving average price of $26.56. Ituran Location and Control Ltd. has a twelve month low of $24.01 and a twelve month high of $30.00.

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

Ituran Location and Control Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Thursday, September 26th. Ituran Location and Control’s dividend payout ratio (DPR) is presently 61.18%.

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.