Thrivent Financial for Lutherans Increases Stock Position in Ituran Location and Control Ltd. $ITRN

Thrivent Financial for Lutherans increased its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 100.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,496 shares of the industrial products company’s stock after purchasing an additional 18,248 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ituran Location and Control were worth $1,304,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ITRN. Assetmark Inc. purchased a new stake in Ituran Location and Control in the 2nd quarter valued at about $37,000. Jones Financial Companies Lllp grew its holdings in shares of Ituran Location and Control by 327.2% in the first quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 939 shares in the last quarter. Covestor Ltd purchased a new stake in shares of Ituran Location and Control during the third quarter valued at approximately $47,000. CWM LLC lifted its holdings in Ituran Location and Control by 750.0% during the third quarter. CWM LLC now owns 1,700 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 1,500 shares during the period. Finally, Copeland Capital Management LLC lifted its holdings in Ituran Location and Control by 33.4% during the third quarter. Copeland Capital Management LLC now owns 1,871 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 468 shares during the period. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Price Performance

NASDAQ:ITRN opened at $47.44 on Friday. The company has a market capitalization of $943.58 million, a P/E ratio of 16.70 and a beta of 0.71. The business has a fifty day simple moving average of $44.24 and a two-hundred day simple moving average of $39.81. Ituran Location and Control Ltd. has a 1 year low of $30.06 and a 1 year high of $48.13.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The firm had revenue of $92.28 million for the quarter, compared to analysts’ expectations of $86.52 million. Ituran Location and Control had a return on equity of 27.68% and a net margin of 16.23%.

Ituran Location and Control Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 29th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 29th. This represents a $2.00 annualized dividend and a dividend yield of 4.2%. Ituran Location and Control’s dividend payout ratio is currently 70.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ITRN. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a research note on Monday, December 29th. Wall Street Zen raised shares of Ituran Location and Control from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $50.00.

About Ituran Location and Control

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.