Ituran Location and Control (NASDAQ:ITRN) Reaches New 1-Year High – Here’s What Happened

Ituran Location and Control Ltd. (NASDAQ:ITRN) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.94 and last traded at $33.47, with a volume of 1896 shares changing hands. The stock had previously closed at $33.09.

Ituran Location and Control Stock Up 2.4 %

The firm has a market cap of $675.86 million, a price-to-earnings ratio of 13.02 and a beta of 1.15. The company has a 50-day moving average price of $30.48 and a 200 day moving average price of $28.15.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.69 EPS 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 annualized dividend and a yield of 4.59%. Ituran Location and Control’s dividend payout ratio is presently 59.77%.

Institutional Investors Weigh In On Ituran Location and Control

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of 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 valued at $38,000 after buying an additional 598 shares in the last quarter. Delphi Management Inc. MA lifted its stake in Ituran Location and Control by 2.9% in the second quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock valued at $1,565,000 after acquiring an additional 1,816 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Ituran Location and Control in the third quarter worth approximately $50,000. Blair William & Co. IL increased its stake in shares of Ituran Location and Control by 27.6% during the 2nd quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 2,000 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of Ituran Location and Control by 20.3% during the 4th quarter. CWA Asset Management Group LLC now owns 12,708 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 2,144 shares in the last quarter. 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.