Ituran Location and Control (NASDAQ:ITRN) Sets New 1-Year High - Should You Buy?

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $34.36 and last traded at $34.06, with a volume of 4114 shares traded. The stock had previously closed at $34.06.

Ituran Location and Control Stock Up 2.4 %

The stock has a market capitalization of $698.54 million, a PE ratio of 13.46 and a beta of 1.15. The stock's 50-day moving average is $31.81 and its 200 day moving average is $28.89.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its quarterly 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 declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 annualized dividend and a dividend yield of 4.44%. Ituran Location and Control's dividend payout ratio is 59.77%.

Hedge Funds Weigh In On Ituran Location and Control

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Ituran Location and Control during the fourth quarter worth approximately $2,718,000. Rice Hall James & Associates LLC lifted its stake 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 during the last quarter. Seizert Capital Partners LLC lifted its stake in shares of Ituran Location and Control by 32.3% in the fourth quarter. Seizert Capital Partners LLC now owns 158,204 shares of the industrial products company's stock worth $4,928,000 after buying an additional 38,652 shares during the last quarter. Four Tree Island Advisory LLC bought a new stake in shares of Ituran Location and Control during the 4th quarter worth $920,000. Finally, HighTower Advisors LLC acquired a new position in Ituran Location and Control in the 3rd quarter valued at $767,000. Institutional investors and hedge funds own 94.80% of the company's stock.

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.