Ituran Location and Control (NASDAQ:ITRN) Sets New 12-Month High – What’s Next?

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

Ituran Location and Control Stock Performance

The business’s 50 day moving average price is $31.55 and its 200-day moving average price is $28.72. The company has a market cap of $675.56 million, a price-to-earnings ratio of 13.07 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.59%. Ituran Location and Control’s dividend payout ratio is 59.77%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in 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 acquiring an additional 598 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Ituran Location and Control during the third quarter worth $50,000. R Squared Ltd bought a new stake in Ituran Location and Control in the fourth quarter valued at about $117,000. Van ECK Associates Corp lifted its stake in Ituran Location and Control by 11.3% in the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock valued at $121,000 after buying an additional 392 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Ituran Location and Control in the third quarter valued at about $137,000. 94.80% of the stock is currently owned by institutional investors.

About Ituran Location and Control

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.