Telsey Advisory Group cut shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) from an outperform rating to a market perform rating in a report released on Friday. They currently have $36.00 price target on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded Ituran Location and Control from a strong sell rating to a sell rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded Ituran Location and Control from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research note on Wednesday, September 13th. Finally, Chardan Capital cut Ituran Location and Control from a buy rating to a neutral rating and set a $36.00 price objective on the stock. in a research note on Friday.

Shares of Ituran Location and Control (NASDAQ ITRN) traded down $0.15 on Friday, hitting $35.95. The company’s stock had a trading volume of 27,623 shares, compared to its average volume of 32,931. The firm has a market capitalization of $753.80, a PE ratio of 18.39 and a beta of 0.83. Ituran Location and Control has a 12 month low of $24.10 and a 12 month high of $38.00.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.50 EPS for the quarter. The company had revenue of $58.53 million for the quarter. Ituran Location and Control had a return on equity of 36.12% and a net margin of 18.67%. equities research analysts expect that Ituran Location and Control will post 2.09 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, December 26th. Ituran Location and Control’s dividend payout ratio (DPR) is 49.23%.

Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in shares of Ituran Location and Control by 30.8% in the second quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 1,078 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Ituran Location and Control by 47.8% in the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,263 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ituran Location and Control by 33.9% in the second quarter. Royal Bank of Canada now owns 11,031 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 2,795 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Ituran Location and Control by 30.5% in the third quarter. California Public Employees Retirement System now owns 14,351 shares of the industrial products company’s stock worth $517,000 after acquiring an additional 3,351 shares in the last quarter. Finally, Eagle Global Advisors LLC lifted its stake in shares of Ituran Location and Control by 14.3% in the second quarter. Eagle Global Advisors LLC now owns 27,896 shares of the industrial products company’s stock worth $873,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 51.60% of the company’s stock.

About Ituran Location and Control

Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.

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