Ituran Location and Control (NASDAQ:ITRN) Sets New 1-Year High – Here’s Why

Ituran Location and Control Ltd. (NASDAQ:ITRN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.09 and last traded at $33.06, with a volume of 38961 shares changing hands. The stock had previously closed at $32.59.

Ituran Location and Control Stock Performance

The firm’s 50-day simple moving average is $30.17 and its 200 day simple moving average is $27.92. The stock has a market cap of $658.16 million, a P/E ratio of 12.68 and a beta of 1.15.

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is currently 59.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL raised its stake in shares of Ituran Location and Control by 27.6% during the second quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 2,000 shares in the last quarter. Heron Bay Capital Management increased its stake in Ituran Location and Control by 6.2% during the 2nd quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company’s stock valued at $261,000 after buying an additional 622 shares during the period. Aristides Capital LLC raised its position in shares of Ituran Location and Control by 23.3% during the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock worth $4,429,000 after buying an additional 33,958 shares in the last quarter. Delphi Management Inc. MA raised its position in shares of Ituran Location and Control by 2.9% during the 2nd quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock worth $1,565,000 after buying an additional 1,816 shares in the last quarter. Finally, Inlet Private Wealth LLC boosted its holdings in shares of Ituran Location and Control by 5.8% in the third quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company’s stock valued at $3,986,000 after acquiring an additional 8,300 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.