Zurcher Kantonalbank Zurich Cantonalbank maintained its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,393 shares of the industrial products company’s stock at the close of the second quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ituran Location and Control were worth $169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ITRN. Analyst IMS Investment Management Services Ltd. increased its stake in Ituran Location and Control by 6.1% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 656,662 shares of the industrial products company’s stock worth $20,553,000 after purchasing an additional 37,877 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in Ituran Location and Control by 23.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock worth $4,218,000 after purchasing an additional 25,194 shares in the last quarter. Sei Investments Co. purchased a new position in Ituran Location and Control in the 2nd quarter worth about $754,000. Finally, Eagle Global Advisors LLC increased its stake in Ituran Location and Control by 14.3% in the 2nd quarter. Eagle Global Advisors LLC now owns 27,896 shares of the industrial products company’s stock worth $873,000 after purchasing an additional 3,500 shares in the last quarter. 51.75% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Ltd. (NASDAQ:ITRN) opened at 35.95 on Tuesday. The stock has a market cap of $753.80 million, a PE ratio of 18.48 and a beta of 0.80. The company has a 50-day moving average price of $32.44 and a 200-day moving average price of $31.32. Ituran Location and Control Ltd. has a 52 week low of $23.95 and a 52 week high of $36.95.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.50 EPS for the quarter. The business had revenue of $58.53 million during the quarter. Ituran Location and Control had a return on equity of 36.12% and a net margin of 18.67%. Analysts anticipate that Ituran Location and Control Ltd. will post $1.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.96 dividend on an annualized basis and a yield of 2.67%. Ituran Location and Control’s dividend payout ratio is presently 49.23%.

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ITRN has been the topic of a number of analyst reports. BidaskClub cut Ituran Location and Control from a “hold” rating to a “sell” rating in a research note 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 research note on Wednesday, August 30th.

Ituran Location and Control Company Profile

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.

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

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