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

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

Ituran Location and Control Trading Up 2.4 %

The stock has a market cap of $675.86 million, a P/E ratio of 13.02 and a beta of 1.15. The stock’s 50-day moving average is $30.48 and its 200-day moving average is $28.15.

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%.

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 issued a dividend of $0.39 per share. 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 payout ratio is currently 59.77%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC grew its holdings in shares of Ituran Location and Control by 16.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock worth $13,713,000 after acquiring an additional 72,656 shares during the last quarter. Aristides Capital LLC boosted its position in shares of Ituran Location and Control by 23.3% in the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after purchasing an additional 33,958 shares during the period. HighTower Advisors LLC purchased a new position in Ituran Location and Control in the 3rd quarter worth about $767,000. Assenagon Asset Management S.A. acquired a new stake in Ituran Location and Control during the 4th quarter worth about $835,000. Finally, Segall Bryant & Hamill LLC lifted its stake in Ituran Location and Control by 43.6% during the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock valued at $2,245,000 after buying an additional 25,700 shares in the last quarter. 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.