Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $35.69 and last traded at $35.67, with a volume of 32582 shares trading hands. The stock had previously closed at $34.58.
Ituran Location and Control Stock Up 16.4 %
The firm's fifty day moving average price is $32.29 and its two-hundred day moving average price is $29.25. The stock has a market capitalization of $824.01 million, a PE ratio of 15.87 and a beta of 1.15.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its earnings results on Thursday, November 21st. The industrial products company reported $0.69 EPS for the quarter. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.
Ituran Location and Control Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control's dividend payout ratio is 59.77%.
Institutional Investors Weigh In On Ituran Location and Control
A number of large investors have recently made changes to their positions in ITRN. Blue Trust Inc. boosted its holdings 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 during the last quarter. Copeland Capital Management LLC bought a new position in Ituran Location and Control in the third quarter worth approximately $50,000. R Squared Ltd purchased a new position in shares of Ituran Location and Control during the 4th quarter worth $117,000. Van ECK Associates Corp grew its position in shares of Ituran Location and Control by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock valued at $121,000 after acquiring an additional 392 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Ituran Location and Control in the 3rd quarter worth $137,000. 94.80% of the stock is currently owned by institutional investors.
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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