Ituran Location and Control (NASDAQ:ITRN) Hits New 1-Year High – What’s Next?

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.83 and last traded at $41.90, with a volume of 1086725 shares. The stock had previously closed at $41.42.

Ituran Location and Control Price Performance

The firm has a 50-day moving average of $32.93 and a 200-day moving average of $29.52. The stock has a market cap of $825.83 million, a PE ratio of 15.91 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Hedge Funds Weigh In On Ituran Location and Control

A number of hedge funds and other institutional investors have recently made changes to their positions in ITRN. Blue Trust Inc. increased its stake in Ituran Location and Control by 63.4% during the 3rd 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 in the last quarter. R Squared Ltd acquired a new stake in Ituran Location and Control in the 4th quarter valued at $117,000. Van ECK Associates Corp increased its stake in shares of Ituran Location and Control by 11.3% during the fourth 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Ituran Location and Control during the 3rd quarter worth approximately $137,000. Finally, BNP Paribas Financial Markets raised its stake in 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 valued at $160,000 after purchasing an additional 4,098 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.