Ituran Location and Control (NASDAQ:ITRN) Hits New 12-Month High - Here's Why

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $30.74 and last traded at $30.66, with a volume of 9356 shares. The stock had previously closed at $29.80.

Ituran Location and Control Trading Up 1.2 %

The firm has a fifty day moving average of $27.32 and a two-hundred day moving average of $26.84. The company has a market cap of $600.00 million, a PE ratio of 11.56 and a beta of 1.14.

Ituran Location and Control Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control's payout ratio is presently 59.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in Ituran Location and Control by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company's stock valued at $38,000 after buying an additional 598 shares in the last quarter. Heron Bay Capital Management boosted its position in shares of 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 acquiring an additional 622 shares during the last quarter. Pzena Investment Management LLC boosted 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 acquiring an additional 752 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Ituran Location and Control by 11.3% during the 1st quarter. California State Teachers Retirement System now owns 16,585 shares of the industrial products company's stock valued at $464,000 after acquiring an additional 1,679 shares during the last quarter. Finally, Delphi Management Inc. MA boosted its position in shares of Ituran Location and Control by 2.9% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

About Ituran Location and Control

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.