Total Wealth Planning & Management Inc. Takes Position in Ituran Location and Control Ltd. $ITRN

Total Wealth Planning & Management Inc. bought a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,022 shares of the industrial products company’s stock, valued at approximately $689,000. Total Wealth Planning & Management Inc. owned approximately 0.08% of Ituran Location and Control as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ITRN. Jones Financial Companies Lllp grew its stake 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 buying an additional 939 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Ituran Location and Control in the first quarter valued at about $223,000. JPMorgan Chase & Co. grew its stake in shares of Ituran Location and Control by 276.7% in the second quarter. JPMorgan Chase & Co. now owns 17,135 shares of the industrial products company’s stock valued at $664,000 after buying an additional 12,586 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Ituran Location and Control by 23.5% in the second quarter. Legal & General Group Plc now owns 19,413 shares of the industrial products company’s stock valued at $752,000 after buying an additional 3,696 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Ituran Location and Control by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 6,555 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 783 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ITRN. Loop Capital set a $57.00 price objective on Ituran Location and Control in a research note on Monday, March 9th. Zacks Research upgraded Ituran Location and Control to a “hold” rating in a research note on Thursday, May 28th. Barclays raised their price objective on Ituran Location and Control from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Wall Street Zen upgraded Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Maxim Group began coverage on Ituran Location and Control in a research note on Thursday, March 12th. They set a “buy” rating and a $70.00 price objective for the company. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Ituran Location and Control currently has a consensus rating of “Moderate Buy” and an average target price of $60.67.

Ituran Location and Control Stock Up 0.3%

Shares of NASDAQ ITRN opened at $65.26 on Friday. Ituran Location and Control Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $68.30. The business has a 50 day moving average price of $56.96 and a two-hundred day moving average price of $49.07. The firm has a market cap of $1.30 billion, a PE ratio of 21.54 and a beta of 0.77.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings data on Tuesday, May 26th. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $102.67 million during the quarter, compared to analyst estimates of $95.32 million. Ituran Location and Control had a return on equity of 27.70% and a net margin of 16.03%. On average, analysts anticipate that Ituran Location and Control Ltd. will post 3.5 earnings per share for the current year.

Ituran Location and Control Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be given a $0.50 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 198.02%.

Ituran Location and Control Profile

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.