Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $31.65 and last traded at $31.54, with a volume of 4605 shares traded. The stock had previously closed at $31.15.
Ituran Location and Control Stock Up 1.0 %
The stock has a market cap of $626.06 million, a PE ratio of 12.06 and a beta of 1.17. The firm has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $27.41.
Ituran Location and Control Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control's dividend payout ratio (DPR) is presently 59.77%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in ITRN. Blue Trust Inc. lifted its stake in shares of Ituran Location and Control by 63.4% in 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. Heron Bay Capital Management increased its holdings in Ituran Location and Control by 6.2% in the 2nd quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company's stock worth $261,000 after acquiring an additional 622 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Ituran Location and Control by 3.4% during the 2nd quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company's stock valued at $558,000 after purchasing an additional 752 shares during the period. Delphi Management Inc. MA raised its holdings in Ituran Location and Control by 2.9% during the second quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company's stock valued at $1,565,000 after acquiring an additional 1,816 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in Ituran Location and Control in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Ituran Location and Control Company Profile
(
Get Free Report)
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.
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