BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other research analysts also recently commented on the company. Barclays cut their target price on Ituran Location and Control Ltd. (US) from $39.00 to $34.00 and set an overweight rating on the stock in a report on Thursday, August 29th. Zacks Investment Research cut Ituran Location and Control Ltd. (US) from a hold rating to a sell rating in a research note on Thursday, May 23rd.

Shares of NASDAQ ITRN opened at $27.55 on Friday. The firm has a 50 day moving average price of $28.09 and a two-hundred day moving average price of $32.25. The stock has a market cap of $587.97 million, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90. Ituran Location and Control Ltd. has a 52-week low of $24.17 and a 52-week high of $38.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 1.77.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $71.24 million during the quarter, compared to the consensus estimate of $75.09 million. Ituran Location and Control Ltd. (US) had a return on equity of 29.72% and a net margin of 20.55%. Analysts predict that Ituran Location and Control Ltd. will post 1.88 earnings per share for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.24 per share. This represents a yield of 3.6%. The ex-dividend date is Wednesday, September 25th. Ituran Location and Control Ltd. (US)’s dividend payout ratio is presently 39.18%.

Several hedge funds and other institutional investors have recently modified their holdings of ITRN. Delek Group Ltd. boosted its stake in shares of Ituran Location and Control Ltd. (US) by 73.2% in the 1st quarter. Delek Group Ltd. now owns 471,936 shares of the industrial products company’s stock valued at $16,138,000 after purchasing an additional 199,523 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Ituran Location and Control Ltd. (US) by 43.9% in the second quarter. Schroder Investment Management Group now owns 381,279 shares of the industrial products company’s stock valued at $11,473,000 after buying an additional 116,300 shares during the period. Morgan Stanley boosted its position in Ituran Location and Control Ltd. (US) by 83.8% during the second quarter. Morgan Stanley now owns 155,503 shares of the industrial products company’s stock valued at $4,679,000 after acquiring an additional 70,890 shares during the last quarter. Renaissance Technologies LLC boosted its position in Ituran Location and Control Ltd. (US) by 4.2% during the second quarter. Renaissance Technologies LLC now owns 1,441,800 shares of the industrial products company’s stock valued at $43,384,000 after acquiring an additional 58,100 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in Ituran Location and Control Ltd. (US) during the 1st quarter worth about $1,708,000. Hedge funds and other institutional investors own 61.82% of the company’s stock.

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.

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