Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) shares rose 4.2% during mid-day trading on Tuesday . The stock traded as high as $31.12 and last traded at $31.11. Approximately 75,137 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 59,157 shares. The stock had previously closed at $29.85.
Ituran Location and Control Trading Up 4.4 %
The company has a market cap of $619.70 million, a P/E ratio of 11.93 and a beta of 1.17. The stock's 50 day moving average is $28.92 and its 200-day moving average is $27.35.
Ituran Location and Control Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 dividend yield of 5.01%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control's 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. HighTower Advisors LLC purchased a new stake in Ituran Location and Control during the 3rd quarter valued at $767,000. Blue Trust Inc. boosted its position in shares of Ituran Location and Control by 63.4% during the third 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 during the last quarter. BNP Paribas Financial Markets increased its holdings in 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 worth $160,000 after buying an additional 4,098 shares in the last quarter. Acadian Asset Management LLC raised its position in Ituran Location and Control by 21.3% in the 2nd quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company's stock worth $11,884,000 after buying an additional 85,023 shares during the last quarter. Finally, Walleye Capital LLC raised its position in Ituran Location and Control by 184.5% in the 3rd quarter. Walleye Capital LLC now owns 27,498 shares of the industrial products company's stock worth $730,000 after buying an additional 17,834 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Ituran Location and Control Company Profile
(
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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