Ituran Location and Control (NASDAQ:ITRN) Reaches New 12-Month High - Here's What Happened

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $46.60 and last traded at $44.89, with a volume of 135863 shares. The stock had previously closed at $46.19.Analyst Ratings ChangesIturan Location and Control LTD, For Your Smallcap Dividend PortfolioITRN has been the subject of several recent research reports. Wall Street Zen upgraded shares of Ituran Location and Control from a "hold" rating to a "strong-buy" rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ituran Location and Control in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $50.00.Get Our Latest Research Report on Ituran Location and ControlIturan Location and Control Trading Down 2.8%The company has a 50 day simple moving average of $43.25 and a two-hundred day simple moving average of $39.45. The firm has a market capitalization of $892.86 million, a P/E ratio of 15.81 and a beta of 0.71. Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.68 by $0.06. Ituran Location and Control had a net margin of 16.23% and a return on equity of 27.68%. The business had revenue of $92.28 million during the quarter, compared to the consensus estimate of $86.52 million. Ituran Location and Control Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.5%. Ituran Location and Control's dividend payout ratio (DPR) is presently 70.42%. Institutional Investors Weigh In On Ituran Location and ControlA number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITRN. Stratos Wealth Partners LTD. purchased a new stake in Ituran Location and Control during the 2nd quarter valued at $293,000. CWA Asset Management Group LLC increased its position in Ituran Location and Control by 212.5% during the third quarter. CWA Asset Management Group LLC now owns 58,864 shares of the industrial products company's stock valued at $2,103,000 after acquiring an additional 40,027 shares during the last quarter. Aristides Capital LLC raised its stake in shares of Ituran Location and Control by 11.9% in the second quarter. Aristides Capital LLC now owns 229,974 shares of the industrial products company's stock valued at $8,907,000 after acquiring an additional 24,370 shares during the period. CSM Advisors LLC purchased a new stake in shares of Ituran Location and Control in the second quarter valued at $3,731,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Ituran Location and Control by 18.5% in the 2nd quarter. Acadian Asset Management LLC now owns 726,519 shares of the industrial products company's stock worth $28,097,000 after acquiring an additional 113,594 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors. Ituran Location and Control Company Profile (Get Free Report)Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics. Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.Featured ArticlesFive stocks we like better than Ituran Location and ControlWall Street Turns Bullish on USAU as Gold Hits New Record!BREAKING: Elon Makes a Quiet Shift That Changes Everything“Fed Proof” Your Bank Account with THESE 4 Simple StepsThey just tried to kill goldMissed Nvidia? Your next 12-month windowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ituran Location and Control Right Now?Before you consider Ituran Location and Control, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ituran Location and Control wasn't on the list.While Ituran Location and Control currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here