Renaissance Technologies LLC boosted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,128,700 shares of the industrial products company’s stock after acquiring an additional 3,800 shares during the period. Renaissance Technologies LLC owned about 5.38% of Ituran Location and Control worth $35,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC lifted its holdings in Ituran Location and Control by 5.0% in the second quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock worth $40,870,000 after acquiring an additional 61,724 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in Ituran Location and Control by 6.1% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 656,662 shares of the industrial products company’s stock worth $20,553,000 after acquiring an additional 37,877 shares during the last quarter. Sphera Funds Management LTD. lifted its holdings in Ituran Location and Control by 8.2% in the second quarter. Sphera Funds Management LTD. now owns 304,421 shares of the industrial products company’s stock worth $9,528,000 after acquiring an additional 23,065 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in Ituran Location and Control by 23.0% in the second quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock worth $4,218,000 after acquiring an additional 25,194 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in Ituran Location and Control by 106,353.8% in the second quarter. Advisor Group Inc. now owns 41,517 shares of the industrial products company’s stock worth $1,300,000 after acquiring an additional 41,478 shares during the last quarter. 51.75% of the stock is currently owned by hedge funds and other institutional investors.

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ITRN has been the topic of a number of recent analyst reports. BidaskClub cut Ituran Location and Control from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised Ituran Location and Control from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Wednesday, August 30th.

Shares of Ituran Location and Control Ltd. (NASDAQ ITRN) opened at 36.80 on Thursday. Ituran Location and Control Ltd. has a 12-month low of $23.95 and a 12-month high of $37.10. The company has a market cap of $771.62 million, a PE ratio of 18.92 and a beta of 0.80. The stock’s 50 day moving average price is $34.37 and its 200-day moving average price is $31.93.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Wednesday, August 16th. The industrial products company reported $0.50 earnings per share for the quarter. The business had revenue of $58.53 million for the quarter. Ituran Location and Control had a net margin of 18.67% and a return on equity of 36.12%. On average, equities research analysts forecast that Ituran Location and Control Ltd. will post $1.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 19th will be given a $0.24 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.96 dividend on an annualized basis and a yield of 2.61%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 49.23%.

About Ituran Location and Control

Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.

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Institutional Ownership by Quarter for Ituran Location and Control (NASDAQ:ITRN)

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