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

Ituran Location and Control Ltd. (NASDAQ:ITRN) hit a new 52-week high during trading on Thursday . The stock traded as high as $31.65 and last traded at $31.54, with a volume of 4605 shares trading hands. The stock had previously closed at $31.15.

Ituran Location and Control Stock Up 4.0 %

The business’s 50 day simple moving average is $29.26 and its 200 day simple moving average is $27.48. The stock has a market cap of $651.13 million, a price-to-earnings ratio of 12.54 and a beta of 1.15.

Ituran Location and Control Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, December 23rd. Ituran Location and Control’s payout ratio is 59.77%.

Institutional Trading of Ituran Location and Control

Several institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC grew its position in shares of Ituran Location and Control by 16.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock worth $13,713,000 after purchasing an additional 72,656 shares in the last quarter. Acadian Asset Management LLC grew its position in Ituran Location and Control by 21.3% during the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after buying an additional 85,023 shares in the last quarter. Aristides Capital LLC increased its stake in 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 acquiring an additional 33,958 shares during the period. Inlet Private Wealth LLC raised its holdings in Ituran Location and Control by 5.8% in the 3rd 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. Finally, Segall Bryant & Hamill LLC lifted its position 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 valued at $2,245,000 after acquiring an additional 25,700 shares during the period. 94.80% of the stock is currently owned by institutional investors.

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.