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

Ituran Location and Control Ltd. (NASDAQ:ITRN)’s stock price reached a new 52-week high 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 Stock Performance

The firm’s fifty day simple moving average is $31.55 and its 200 day simple moving average is $28.72. The stock has a market capitalization of $675.56 million, a price-to-earnings ratio of 13.07 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last issued 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 net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is presently 59.77%.

Institutional Investors Weigh In On Ituran Location and Control

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D acquired a new position in shares of Ituran Location and Control during the 4th quarter worth approximately $207,000. Van ECK Associates Corp raised its holdings 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 valued at $121,000 after purchasing an additional 392 shares during the period. Four Tree Island Advisory LLC acquired a new stake in Ituran Location and Control in the 4th quarter valued at about $920,000. R Squared Ltd bought a new position in Ituran Location and Control during the fourth quarter worth about $117,000. Finally, DGS Capital Management LLC increased its position in Ituran Location and Control by 14.0% during the fourth quarter. DGS Capital Management LLC now owns 21,690 shares of the industrial products company’s stock worth $676,000 after buying an additional 2,660 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.