Ituran Location and Control (NASDAQ:ITRN) Reaches New 12-Month High – What’s Next?

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.09 and last traded at $33.06, with a volume of 38961 shares trading hands. The stock had previously closed at $32.59.

Ituran Location and Control Trading Up 1.0 %

The business’s 50 day simple moving average is $29.96 and its 200 day simple moving average is $27.84. The firm has a market capitalization of $655.11 million, a PE ratio of 12.62 and a beta of 1.15.

Ituran Location and Control Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.74%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 59.77%.

Institutional Trading of Ituran Location and Control

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL increased its position in Ituran Location and Control by 27.6% during the second quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 2,000 shares during the last quarter. Heron Bay Capital Management grew its holdings in Ituran Location and Control by 6.2% during the 2nd quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 622 shares during the last quarter. Aristides Capital LLC raised its position in Ituran Location and Control by 23.3% in the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock worth $4,429,000 after purchasing an additional 33,958 shares during the period. Delphi Management Inc. MA lifted its stake in Ituran Location and Control by 2.9% in the second quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock worth $1,565,000 after purchasing an additional 1,816 shares during the last quarter. Finally, Inlet Private Wealth LLC boosted its position in shares of Ituran Location and Control by 5.8% during the third quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company’s stock valued at $3,986,000 after buying an additional 8,300 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.