JPMorgan Chase & Co. Grows Stake in Ituran Location and Control Ltd. (US) (ITRN)

JPMorgan Chase & Co. grew its position in Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) by 1,701.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,550 shares of the industrial products company’s stock after buying an additional 20,354 shares during the period. JPMorgan Chase & Co. owned 0.10% of Ituran Location and Control Ltd. (US) worth $762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Ituran Location and Control Ltd. (US) by 30.8% in the 2nd quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock valued at $143,000 after buying an additional 1,078 shares during the period. New York State Common Retirement Fund increased its stake in shares of Ituran Location and Control Ltd. (US) by 47.8% in the 2nd quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock valued at $219,000 after buying an additional 2,263 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 2nd quarter valued at $228,000. California Public Employees Retirement System acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 2nd quarter valued at $344,000. Finally, Royal Bank of Canada increased its stake in shares of Ituran Location and Control Ltd. (US) by 33.9% in the 2nd quarter. Royal Bank of Canada now owns 11,031 shares of the industrial products company’s stock valued at $345,000 after buying an additional 2,795 shares during the period. 51.63% of the stock is owned by institutional investors.

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) opened at $35.30 on Monday. Ituran Location and Control Ltd. has a 52 week low of $26.50 and a 52 week high of $38.00. The company has a market capitalization of $740.17, a price-to-earnings ratio of 17.14 and a beta of 0.83.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its quarterly earnings data on Wednesday, November 15th. The industrial products company reported $0.50 EPS for the quarter. Ituran Location and Control Ltd. (US) had a return on equity of 36.10% and a net margin of 18.99%. equities research analysts predict that Ituran Location and Control Ltd. will post 2.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, December 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.72%. Ituran Location and Control Ltd. (US)’s dividend payout ratio (DPR) is presently 46.60%.

Several research firms have recently commented on ITRN. Zacks Investment Research cut Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. BidaskClub cut Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Chardan Capital cut Ituran Location and Control Ltd. (US) from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Friday, November 17th. Finally, Telsey Advisory Group cut Ituran Location and Control Ltd. (US) from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research note on Friday, November 17th.

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About Ituran Location and Control Ltd. (US)

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.

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

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