Ituran Location and Control (NASDAQ:ITRN) Reaches New 1-Year High - Time to Buy?

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) shares reached a new 52-week high on Wednesday . The company 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 Stock Performance

The firm's fifty day moving average is $29.96 and its two-hundred day moving average is $27.84. The company has a market cap of $655.11 million, a P/E ratio of 12.62 and a beta of 1.15.

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control's dividend payout ratio is currently 59.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITRN. Rice Hall James & Associates LLC lifted its holdings in shares of Ituran Location and Control by 16.4% in the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company's stock worth $13,713,000 after buying an additional 72,656 shares in the last quarter. Aristides Capital LLC lifted its stake 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 in the last quarter. Inlet Private Wealth LLC lifted its stake in Ituran Location and Control by 5.8% in the 3rd quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company's stock worth $3,986,000 after purchasing an additional 8,300 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Ituran Location and Control by 43.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company's stock valued at $2,245,000 after purchasing an additional 25,700 shares during the last quarter. Finally, Delphi Management Inc. MA grew its position in shares of 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 purchasing an additional 1,816 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.

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