BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a hold rating to a buy rating in a research note published on Thursday.

A number of other research firms also recently issued reports on ITRN. Zacks Investment Research raised shares of Ituran Location and Control Ltd. (US) from a hold rating to a buy rating and set a $37.00 price objective for the company in a report on Thursday, September 20th. Jefferies Financial Group assumed coverage on shares of Ituran Location and Control Ltd. (US) in a report on Friday, July 20th. They set a buy rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $36.00.

Shares of NASDAQ ITRN traded down $0.03 during mid-day trading on Thursday, reaching $34.10. 5,935 shares of the company were exchanged, compared to its average volume of 31,486. Ituran Location and Control Ltd. has a 52 week low of $29.25 and a 52 week high of $38.00. The company has a market capitalization of $807.55 million, a P/E ratio of 16.32, a P/E/G ratio of 1.38 and a beta of 0.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Ituran Location and Control Ltd. (US) had a net margin of 17.91% and a return on equity of 32.97%. The company had revenue of $57.72 million during the quarter, compared to the consensus estimate of $59.92 million. As a group, sell-side analysts predict that Ituran Location and Control Ltd. will post 2.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Wednesday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, September 25th. Ituran Location and Control Ltd. (US)’s dividend payout ratio is currently 45.93%.

A number of large investors have recently modified their holdings of ITRN. River Road Asset Management LLC raised its position in Ituran Location and Control Ltd. (US) by 2.4% in the 2nd quarter. River Road Asset Management LLC now owns 354,017 shares of the industrial products company’s stock worth $10,744,000 after purchasing an additional 8,177 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in Ituran Location and Control Ltd. (US) by 0.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 361,659 shares of the industrial products company’s stock worth $11,063,000 after purchasing an additional 3,321 shares during the period. Russell Investments Group Ltd. purchased a new position in Ituran Location and Control Ltd. (US) in the 2nd quarter worth $108,000. Delek Group Ltd. raised its position in Ituran Location and Control Ltd. (US) by 28.5% in the 2nd quarter. Delek Group Ltd. now owns 196,415 shares of the industrial products company’s stock worth $6,008,000 after purchasing an additional 43,613 shares during the period. Finally, FMR LLC raised its position in Ituran Location and Control Ltd. (US) by 11.9% in the 2nd quarter. FMR LLC now owns 1,987,713 shares of the industrial products company’s stock worth $60,327,000 after purchasing an additional 211,975 shares during the period. Institutional investors own 52.11% of the company’s stock.

Ituran Location and Control Ltd. (US) Company Profile

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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