Van ECK Associates Corp Has $121,000 Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Van ECK Associates Corp grew its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 11.3% during the 4th quarter, HoldingsChannel reports. The firm owned 3,871 shares of the industrial products company’s stock after acquiring an additional 392 shares during the quarter. Van ECK Associates Corp’s holdings in Ituran Location and Control were worth $121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. grew its position in Ituran Location and Control by 63.4% during the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock worth $38,000 after buying an additional 598 shares in the last quarter. R Squared Ltd acquired a new stake in Ituran Location and Control during the fourth quarter worth about $117,000. Public Employees Retirement System of Ohio acquired a new stake in Ituran Location and Control during the third quarter worth about $137,000. BNP Paribas Financial Markets grew its position in Ituran Location and Control by 214.2% during the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after buying an additional 4,098 shares in the last quarter. Finally, Barclays PLC grew its position in Ituran Location and Control by 132.1% during the third quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock worth $206,000 after buying an additional 4,400 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Stock Down 0.4 %

ITRN stock opened at $41.52 on Monday. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $43.83. The company has a market cap of $826.00 million, a PE ratio of 15.91 and a beta of 1.15. The business’s 50-day simple moving average is $33.15 and its 200 day simple moving average is $29.69.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Company Profile

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.