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

Ituran Location and Control Ltd. (NASDAQ:ITRN) reached a new 52-week high on Friday . The stock traded as high as $30.74 and last traded at $30.66, with a volume of 9356 shares trading hands. The stock had previously closed at $29.80.

Ituran Location and Control Price Performance

The firm has a 50-day simple moving average of $27.32 and a 200-day simple moving average of $26.83. The firm has a market capitalization of $600.00 million, a PE ratio of 11.56 and a beta of 1.14.

Ituran Location and Control Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 5.17%. Ituran Location and Control’s dividend payout ratio is currently 59.77%.

Institutional Trading of Ituran Location and Control

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in Ituran Location and Control by 63.4% in 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 in the last quarter. Copeland Capital Management LLC bought a new position in shares of Ituran Location and Control in the third quarter worth approximately $50,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Ituran Location and Control in the third quarter worth $137,000. BNP Paribas Financial Markets raised its position in shares of Ituran Location and Control by 214.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 4,098 shares during the period. Finally, Barclays PLC lifted its stake in shares of Ituran Location and Control by 132.1% during the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock valued at $206,000 after buying an additional 4,400 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

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.