Ituran Location and Control (NASDAQ:ITRN) Reaches New 1-Year High – Should You Buy?

Ituran Location and Control Ltd. (NASDAQ:ITRN) shares hit a new 52-week high on Friday . The company traded as high as $35.69 and last traded at $35.67, with a volume of 32582 shares changing hands. The stock had previously closed at $34.58.

Ituran Location and Control Trading Up 2.9 %

The company has a market capitalization of $707.69 million, a PE ratio of 13.63 and a beta of 1.15. The firm’s 50-day simple moving average is $32.21 and its 200-day simple moving average is $29.17.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share (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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 annualized dividend and a dividend yield of 4.38%. Ituran Location and Control’s payout ratio is currently 59.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in shares of Ituran Location and Control by 11.3% in the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 392 shares during the period. Blue Trust Inc. raised its stake in 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 worth $38,000 after buying an additional 598 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in Ituran Location and Control during the third quarter worth $50,000. XTX Topco Ltd boosted its position in Ituran Location and Control by 10.5% during the 4th quarter. XTX Topco Ltd now owns 22,256 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 2,106 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in shares of Ituran Location and Control by 20.3% in 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 acquiring an additional 2,144 shares during the period. 94.80% of the stock is currently 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.