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

Ituran Location and Control Ltd. (NASDAQ:ITRN) reached a new 52-week high on Thursday . The company traded as high as $31.70 and last traded at $31.70, with a volume of 246 shares traded. The stock had previously closed at $31.03.

Ituran Location and Control Trading Down 0.8 %

The company has a fifty day simple moving average of $28.14 and a 200-day simple moving average of $27.07. The company has a market capitalization of $610.03 million, a PE ratio of 11.75 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.09%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control’s payout ratio is currently 59.77%.

Institutional Trading of Ituran Location and Control

Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Ituran Location and Control by 21.3% during the 2nd quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock valued at $11,884,000 after buying an additional 85,023 shares during the period. Rice Hall James & Associates LLC raised its position in 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 valued at $13,713,000 after purchasing an additional 72,656 shares during the period. Aristides Capital LLC lifted its stake in shares of Ituran Location and Control by 23.3% in the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after purchasing an additional 33,958 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Ituran Location and Control during the 3rd quarter worth $767,000. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Ituran Location and Control by 43.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock worth $2,245,000 after purchasing an additional 25,700 shares during the period. Hedge funds and other 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.