Ituran Location and Control (NASDAQ:ITRN) Hits New 52-Week High – Time to Buy?

Ituran Location and Control Ltd. (NASDAQ:ITRN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $30.74 and last traded at $30.66, with a volume of 9356 shares traded. The stock had previously closed at $29.80.

Ituran Location and Control Stock Up 1.2 %

The company has a market capitalization of $600.00 million, a P/E ratio of 11.56 and a beta of 1.14. The business has a 50 day moving average of $27.32 and a 200 day moving average of $26.83.

Ituran Location and Control Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.17%. Ituran Location and Control’s dividend payout ratio is currently 59.77%.

Institutional Investors Weigh In On Ituran Location and Control

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