Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Separately, Jefferies Financial Group started coverage on Ituran Location and Control Ltd. (US) in a research report on Friday, July 20th. They set a “buy” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Ituran Location and Control Ltd. (US) presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Ituran Location and Control Ltd. (US) stock opened at $33.40 on Wednesday. The stock has a market cap of $780.56 million, a price-to-earnings ratio of 15.98, a PEG ratio of 1.33 and a beta of 0.91. Ituran Location and Control Ltd. has a 52-week low of $29.25 and a 52-week high of $38.00.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last posted its quarterly earnings data on Thursday, August 30th. The industrial products company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.08. Ituran Location and Control Ltd. (US) had a return on equity of 32.97% and a net margin of 17.91%. The firm had revenue of $57.72 million for the quarter, compared to analysts’ expectations of $59.92 million. equities research analysts anticipate that Ituran Location and Control Ltd. will post 2.08 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of ITRN. River Road Asset Management LLC lifted its position in shares of Ituran Location and Control Ltd. (US) by 2.4% during the 2nd quarter. River Road Asset Management LLC now owns 354,017 shares of the industrial products company’s stock valued at $10,744,000 after buying an additional 8,177 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Ituran Location and Control Ltd. (US) by 0.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 361,659 shares of the industrial products company’s stock valued at $11,063,000 after buying an additional 3,321 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Ituran Location and Control Ltd. (US) during the 2nd quarter valued at about $108,000. Delek Group Ltd. lifted its position in shares of Ituran Location and Control Ltd. (US) by 28.5% during the 2nd quarter. Delek Group Ltd. now owns 196,415 shares of the industrial products company’s stock valued at $6,008,000 after buying an additional 43,613 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Ituran Location and Control Ltd. (US) by 11.9% during the 2nd quarter. FMR LLC now owns 1,987,713 shares of the industrial products company’s stock valued at $60,327,000 after buying an additional 211,975 shares in the last quarter. 52.11% of the stock is currently owned by hedge funds and other institutional investors.

About Ituran Location and Control Ltd. (US)

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which 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 personal locator services that allow customers to protect valuable merchandise and equipment.

Featured Story: Intrinsic Value

Receive News & Ratings for Ituran Location and Control Ltd. (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control Ltd. (US) and related companies with MarketBeat.com's FREE daily email newsletter.