Ituran Location and Control Ltd. (ITRN) To Go Ex-Dividend on December 20th

Ituran Location and Control Ltd. (NASDAQ:ITRNGet Rating) declared a quarterly dividend on Monday, November 21st, NASDAQ reports. Stockholders of record on Wednesday, December 21st will be given a dividend of 0.105 per share by the industrial products company on Wednesday, January 4th. This represents a $0.42 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, December 20th.

Ituran Location and Control has decreased its dividend payment by an average of 1.8% annually over the last three years. Ituran Location and Control has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ituran Location and Control to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 24.5%.

Ituran Location and Control Stock Up 1.3 %

Ituran Location and Control stock opened at $23.10 on Wednesday. The firm has a market capitalization of $535.12 million, a PE ratio of 12.76 and a beta of 1.12. The company’s 50-day moving average is $23.15 and its 200-day moving average is $24.08. Ituran Location and Control has a fifty-two week low of $19.73 and a fifty-two week high of $27.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.27.

Ituran Location and Control (NASDAQ:ITRNGet Rating) last announced its quarterly earnings results on Monday, August 29th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Ituran Location and Control had a net margin of 12.86% and a return on equity of 25.86%. The company had revenue of $73.39 million during the quarter, compared to analyst estimates of $71.94 million. During the same quarter last year, the company posted $0.44 EPS. Sell-side analysts anticipate that Ituran Location and Control will post 1.82 earnings per share for the current year.

Institutional Trading of Ituran Location and Control

Institutional investors and hedge funds have recently made changes to their positions in the company. Credit Suisse AG lifted its stake in Ituran Location and Control by 4.0% in the 3rd quarter. Credit Suisse AG now owns 27,331 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 1,054 shares during the last quarter. Sei Investments Co. lifted its stake in Ituran Location and Control by 1.7% in the 1st quarter. Sei Investments Co. now owns 88,590 shares of the industrial products company’s stock valued at $2,039,000 after purchasing an additional 1,460 shares during the last quarter. State Street Corp lifted its stake in Ituran Location and Control by 0.6% in the 1st quarter. State Street Corp now owns 307,013 shares of the industrial products company’s stock valued at $7,111,000 after purchasing an additional 1,961 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Ituran Location and Control by 11,714.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,308 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 3,280 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Ituran Location and Control by 10.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 37,535 shares of the industrial products company’s stock valued at $919,000 after purchasing an additional 3,555 shares during the last quarter. Institutional investors own 55.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Ituran Location and Control in a research report on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

About Ituran Location and Control

(Get Rating)

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based telematics services and machine-to-machine telematics products. The company's Telematics 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 locator services that allow customers to protect valuable merchandise and equipment.

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Dividend History for Ituran Location and Control (NASDAQ:ITRN)

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