California Public Employees Retirement System Acquires New Stake in Ituran Location and Control Ltd. (ITRN)

California Public Employees Retirement System purchased a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,000 shares of the industrial products company’s stock, valued at approximately $344,000. California Public Employees Retirement System owned 0.05% of Ituran Location and Control at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC grew its holdings in Ituran Location and Control by 5.0% during the second quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock valued at $40,870,000 after purchasing an additional 61,724 shares during the period. Citigroup Inc. acquired a new position in Ituran Location and Control during the second quarter valued at approximately $494,000. Lazard Asset Management LLC acquired a new position in Ituran Location and Control during the second quarter valued at approximately $863,000. New York State Common Retirement Fund grew its holdings in Ituran Location and Control by 47.8% during the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 2,263 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in Ituran Location and Control by 54.3% during the second quarter. TIAA CREF Investment Management LLC now owns 37,232 shares of the industrial products company’s stock valued at $1,165,000 after purchasing an additional 13,095 shares during the period. Institutional investors own 52.63% of the company’s stock.

ITRN has been the subject of a number of analyst reports. BidaskClub upgraded shares of Ituran Location and Control from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Ituran Location and Control from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, August 22nd. Finally, Chardan Capital cut shares of Ituran Location and Control from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Friday, November 17th.

Ituran Location and Control Ltd. (NASDAQ ITRN) traded up $0.05 during trading on Monday, hitting $34.95. 14,133 shares of the stock traded hands, compared to its average volume of 40,055. The firm has a market capitalization of $731.79, a PE ratio of 16.94 and a beta of 0.82. Ituran Location and Control Ltd. has a 12 month low of $25.25 and a 12 month high of $38.00.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Tuesday, December 26th. Ituran Location and Control’s dividend payout ratio (DPR) is presently 46.60%.

WARNING: “California Public Employees Retirement System Acquires New Stake in Ituran Location and Control Ltd. (ITRN)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/12/12/11000-shares-in-ituran-location-and-control-ltd-itrn-acquired-by-california-public-employees-retirement-system.html.

Ituran Location and Control Company Profile

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.

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

Receive News & Ratings for Ituran Location and Control Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply