Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $31.70 and last traded at $31.70, with a volume of 246 shares. The stock had previously closed at $31.03.
Ituran Location and Control Stock Down 0.4 %
The business has a 50-day moving average of $28.14 and a two-hundred day moving average of $27.07. The firm has a market capitalization of $614.92 million, a price-to-earnings ratio of 11.84 and a beta of 1.17.
Ituran Location and Control Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, December 23rd. Ituran Location and Control's dividend payout ratio is presently 59.77%.
Hedge Funds Weigh In On Ituran Location and Control
Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in shares of 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 worth $38,000 after buying an additional 598 shares during the period. Copeland Capital Management LLC acquired a new position in Ituran Location and Control during the third quarter worth $50,000. Public Employees Retirement System of Ohio bought a new position in shares of Ituran Location and Control during the third quarter valued at $137,000. BNP Paribas Financial Markets boosted its stake in shares of Ituran Location and Control by 214.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 4,098 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Ituran Location and Control by 132.1% in the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company's stock worth $206,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
About Ituran Location and Control
(
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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