Ituran Location and Control (NASDAQ:ITRN) Reaches New 12-Month High – Time to Buy?

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

Ituran Location and Control Trading Down 0.4 %

The firm has a market capitalization of $682.03 million, a PE ratio of 13.14 and a beta of 1.15. The firm has a 50 day simple moving average of $31.73 and a 200 day simple moving average of $28.80.

Ituran Location and Control (NASDAQ:ITRN) last released 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.55%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is currently 59.77%.

Hedge Funds Weigh In On Ituran Location and Control

Several hedge funds and other institutional investors have recently modified their holdings of ITRN. Rice Hall James & Associates LLC increased its position in Ituran Location and Control by 16.4% during 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 acquiring an additional 72,656 shares during the last quarter. Seizert Capital Partners LLC lifted its position in shares of Ituran Location and Control by 32.3% in the fourth quarter. Seizert Capital Partners LLC now owns 158,204 shares of the industrial products company’s stock valued at $4,928,000 after acquiring an additional 38,652 shares in the last quarter. Inlet Private Wealth LLC boosted its stake 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 worth $3,986,000 after acquiring an additional 8,300 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Ituran Location and Control during the fourth quarter worth about $2,718,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Ituran Location and Control by 43.6% during the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock valued at $2,245,000 after buying an additional 25,700 shares during the last quarter. 94.80% of the stock is 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.