Ituran Location and Control (NASDAQ:ITRN) Hits New 1-Year High – Still a Buy?

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

Ituran Location and Control Stock Performance

The stock has a market capitalization of $666.37 million, a P/E ratio of 12.80 and a beta of 1.15. The stock has a 50-day simple moving average of $30.37 and a 200 day simple moving average of $28.08.

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 given a dividend of $0.39 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.56 annualized dividend and a yield of 4.66%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 59.77%.

Hedge Funds Weigh In On Ituran Location and Control

Several large investors have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 598 shares in the last quarter. Copeland Capital Management LLC bought a new position in Ituran Location and Control during the 3rd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio bought a new position in Ituran Location and Control in the third quarter worth about $137,000. BNP Paribas Financial Markets grew its stake in shares of Ituran Location and Control by 214.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after buying an additional 4,098 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Ituran Location and Control by 132.1% during the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 4,400 shares during the last quarter. 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.