Public Employees Retirement System of Ohio Makes New Investment in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Public Employees Retirement System of Ohio bought a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,144 shares of the industrial products company’s stock, valued at approximately $137,000.

Several other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd lifted its holdings in shares of Ituran Location and Control by 145.0% during the third quarter. XTX Topco Ltd now owns 20,150 shares of the industrial products company’s stock worth $535,000 after buying an additional 11,927 shares in the last quarter. HighTower Advisors LLC bought a new position in Ituran Location and Control during the third quarter worth about $767,000. Walleye Capital LLC raised its stake in Ituran Location and Control by 184.5% in the 3rd quarter. Walleye Capital LLC now owns 27,498 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 17,834 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ituran Location and Control by 103.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,554 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 14,020 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Ituran Location and Control by 214.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 4,098 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Trading Up 1.7 %

NASDAQ ITRN opened at $29.86 on Friday. The company has a market cap of $594.03 million, a price-to-earnings ratio of 11.44 and a beta of 1.17. The company has a 50 day moving average of $28.57 and a 200-day moving average of $27.19. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $31.64.

Ituran Location and Control Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.56 annualized dividend and a yield of 5.22%. Ituran Location and Control’s dividend payout ratio is presently 59.77%.

Ituran Location and Control Company 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.