Ituran Location and Control (NASDAQ: ITRN) announced on Monday that its quarterly financial report would be made public. According to MarketWatch Earnings, the industrial goods company posted earnings per share (EPS) of $0.43 for the quarter, which was below the average prediction of $0.47 that analysts had made. Ituran Location and Control achieved a net margin of 12.60% and a return on equity of 26.50%. The company reported a profit of $0.44 per share for the quarter, comparable to what it achieved during the same period the year before. On Tuesday, Ituran Location and Control LTD. (NASDAQ: ITRN), a small-cap dividend stock, began the trading day with a share price of $26.80. During the previous year, the cost of Ituran Location and Control fluctuated between $19.73 and $29.85, with a low of $19.73 and a high of $29.85, respectively. The company’s market capitalization is currently at $629 million, and its beta value is 1.19. The ratio of price to earnings comes in at 15.95. The debt-to-equity ratio comes in at 0.06, the quick ratio stands at 1.31, and the current balance is at 1.61. The company has traded at an average moving price of $25.26 over the past 50 trading days, while its moving average price over the past 200 trading days has been $23.71. Several hedge funds and other forms of institutional investors, including pension funds, have recently modified their approach to investing in companies.
PNC Financial Services Group Inc. boosted the amount of Ituran Location and Control stock owned by 11.714.3% during the first three months of 2018. PNC Financial Services Group Inc. now has 3,308 shares of the industrial products company’s stock, which are valued at $77,000. This comes from the company’s purchase of an additional 3,280 shares. During the quarter, these shares were purchased. Ituran Location and Control was the lucky recipient of an investment of $205,000 from Engineers Gate Manager LP during the first three months of 2018. Ituran Location and Control received a financial donation from Jane Street Group LLC for $278.00 throughout the second quarter. During the first three months of 2018, Invesco Ltd. boosted the proportion of its Ituran Location and Control portfolio by 27.6%. After making an additional purchase of 4,502 shares during the quarter, Invesco Ltd. now holds 20,837 shares of the industrial goods company’s stock, currently valued at $480,000.
This is because Invesco Ltd. made an additional purchase during the quarter. And last, during the second quarter, JPMorgan Chase & Co. boosted the amount of Ituran Location and Control stock owned by 10.5%, bringing its total ownership percentage to 100%. JPMorgan Chase & Co. is the current owner of 37,535 shares of the industrial goods company’s stock, which are currently valued at $919,000. This was made possible by purchasing 3,555 new shares during the quarter. Now, 55.45% of the company’s shares are owned by hedge funds and other institutional investors. In addition to offering services that are based on location-based telematics, Ituran Location and Control Ltd. and its subsidiaries are in the business of delivering machine-to-machine telematics tools to their customers. The company’s Telematics services division offers stolen vehicle recovery and tracking services, which allow subscribers to find, track, and recover stolen vehicles; fleet management services, which would enable both corporate and individual customers to track and manage their vehicles in real-time; locator services, which allow clients to keep expensive goods and equipment safe; and fleet management services, which allow both corporate and individual customers to track and manage their vehicles in real-time.
