Janus Henderson Group PLC Acquires Shares of 28,093 Ituran Location and Control Ltd. (US) (ITRN)

Janus Henderson Group PLC acquired a new position in shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,093 shares of the industrial products company’s stock, valued at approximately $966,000. Janus Henderson Group PLC owned about 0.13% of Ituran Location and Control Ltd. (US) at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in Ituran Location and Control Ltd. (US) during the second quarter worth approximately $108,000. Stone Ridge Asset Management LLC bought a new stake in Ituran Location and Control Ltd. (US) during the third quarter worth approximately $208,000. WBI Investments Inc. bought a new stake in Ituran Location and Control Ltd. (US) during the third quarter worth approximately $233,000. Raymond James & Associates increased its stake in Ituran Location and Control Ltd. (US) by 22.4% during the second quarter. Raymond James & Associates now owns 19,507 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 3,565 shares during the last quarter. Finally, ARK Investment Management LLC increased its stake in Ituran Location and Control Ltd. (US) by 8.7% during the third quarter. ARK Investment Management LLC now owns 18,127 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 1,446 shares during the last quarter. 57.99% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on ITRN shares. BidaskClub raised Ituran Location and Control Ltd. (US) from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. Zacks Investment Research raised Ituran Location and Control Ltd. (US) from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, September 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Ituran Location and Control Ltd. (US) in a research report on Tuesday, December 4th.

Shares of NASDAQ:ITRN opened at $33.16 on Friday. Ituran Location and Control Ltd. has a 1 year low of $29.25 and a 1 year high of $36.72. The company has a market cap of $707.70 million, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.85. The company has a quick ratio of 1.42, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its earnings results on Monday, November 26th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.14. Ituran Location and Control Ltd. (US) had a return on equity of 32.17% and a net margin of 25.13%. The business had revenue of $53.38 million during the quarter, compared to analyst estimates of $57.06 million. Analysts anticipate that Ituran Location and Control Ltd. will post 2.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Wednesday, December 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 24th. This represents a $0.92 annualized dividend and a dividend yield of 2.77%. Ituran Location and Control Ltd. (US)’s dividend payout ratio (DPR) is presently 45.93%.

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Ituran Location and Control Ltd. (US) Company Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which 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 personal locator services that allow customers to protect valuable merchandise and equipment.

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

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