DGS Capital Management LLC Acquires 2,660 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

DGS Capital Management LLC raised its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,690 shares of the industrial products company’s stock after buying an additional 2,660 shares during the period. DGS Capital Management LLC owned about 0.11% of Ituran Location and Control worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rice Hall James & Associates LLC boosted its holdings in Ituran Location and Control by 16.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock valued at $13,713,000 after acquiring an additional 72,656 shares during the period. Aristides Capital LLC boosted its stake in shares of Ituran Location and Control by 23.3% during the second quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after purchasing an additional 33,958 shares during the period. Inlet Private Wealth LLC grew its holdings in shares of Ituran Location and Control by 5.8% in the third quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company’s stock worth $3,986,000 after purchasing an additional 8,300 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of Ituran Location and Control by 43.6% in the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock worth $2,245,000 after buying an additional 25,700 shares during the period. Finally, Delphi Management Inc. MA increased its stake in shares of Ituran Location and Control by 2.9% in the second quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock worth $1,565,000 after buying an additional 1,816 shares during the period. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Stock Up 0.2 %

Shares of Ituran Location and Control stock opened at $33.85 on Friday. The company’s fifty day simple moving average is $30.88 and its two-hundred day simple moving average is $28.29. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $34.35. The firm has a market cap of $673.28 million, a PE ratio of 12.97 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a dividend of $0.39 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.61%. Ituran Location and Control’s dividend payout ratio is presently 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.