26,796 Shares in Ituran Location and Control Ltd. (NASDAQ:ITRN) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) during the 4th quarter, HoldingsChannel.com reports. The fund bought 26,796 shares of the industrial products company’s stock, valued at approximately $835,000.

A number of other hedge funds have also bought and sold shares of the stock. Rice Hall James & Associates LLC lifted its stake in shares of Ituran Location and Control by 16.4% during the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock worth $13,713,000 after buying an additional 72,656 shares during the period. Aristides Capital LLC raised its stake in Ituran Location and Control by 23.3% in the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock worth $4,429,000 after acquiring an additional 33,958 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Ituran Location and Control during the 3rd quarter worth about $767,000. Segall Bryant & Hamill LLC grew its stake in Ituran Location and Control by 43.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock valued at $2,245,000 after purchasing an additional 25,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ituran Location and Control by 77.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company’s stock valued at $1,185,000 after purchasing an additional 19,514 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Up 0.2 %

Shares of NASDAQ:ITRN opened at $33.85 on Friday. The business has a 50-day moving average price of $30.88 and a 200-day moving average price of $28.29. The stock has a market cap of $673.41 million, a price-to-earnings ratio of 12.97 and a beta of 1.15. Ituran Location and Control Ltd. has a 52-week low of $24.12 and a 52-week high of $34.35.

Ituran Location and Control (NASDAQ:ITRN) last posted its quarterly 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 net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control’s payout ratio is 59.77%.

About Ituran Location and Control

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.