Pekin Hardy Strauss Inc. Sells 14,437 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Pekin Hardy Strauss Inc. cut its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,684 shares of the industrial products company’s stock after selling 14,437 shares during the period. Ituran Location and Control accounts for 0.9% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 25th biggest position. Pekin Hardy Strauss Inc. owned approximately 1.14% of Ituran Location and Control worth $7,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D bought a new position in Ituran Location and Control in the 4th quarter worth approximately $207,000. Van ECK Associates Corp boosted its holdings in Ituran Location and Control by 11.3% in the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock worth $121,000 after buying an additional 392 shares during the period. Four Tree Island Advisory LLC purchased a new stake in Ituran Location and Control in the 4th quarter worth approximately $920,000. R Squared Ltd purchased a new stake in Ituran Location and Control in the 4th quarter worth approximately $117,000. Finally, DGS Capital Management LLC lifted its stake in Ituran Location and Control by 14.0% in the 4th quarter. DGS Capital Management LLC now owns 21,690 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 2,660 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Price Performance

NASDAQ ITRN opened at $41.52 on Friday. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $43.83. The stock has a market capitalization of $826.00 million, a PE ratio of 15.91 and a beta of 1.15. The company’s 50 day simple moving average is $33.15 and its two-hundred day simple moving average is $29.66.

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

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.