Zacks Investment Research upgraded shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Ituran provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security, and radio frequency identification products for various purposes including automatic meter reading, electronic toll collection and homeland security applications. “

Separately, BidaskClub upgraded Ituran Location and Control Ltd. (US) from a sell rating to a hold rating in a research note on Wednesday, February 27th.

Shares of ITRN opened at $32.98 on Wednesday. Ituran Location and Control Ltd. has a 12-month low of $29.25 and a 12-month high of $38.50. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $691.04 million, a P/E ratio of 13.46, a PEG ratio of 0.70 and a beta of 0.81.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last issued its quarterly earnings data on Monday, March 11th. The industrial products company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. Ituran Location and Control Ltd. (US) had a return on equity of 34.74% and a net margin of 25.47%. The business had revenue of $79.17 million for the quarter, compared to analysts’ expectations of $90.39 million. As a group, sell-side analysts forecast that Ituran Location and Control Ltd. will post 2.9 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Legal & General Group Plc increased its position in shares of Ituran Location and Control Ltd. (US) by 58.8% during the 4th quarter. Legal & General Group Plc now owns 929 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 344 shares during the last quarter. Bank of America Corp DE increased its position in shares of Ituran Location and Control Ltd. (US) by 16.5% during the 4th quarter. Bank of America Corp DE now owns 3,376 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Ituran Location and Control Ltd. (US) by 27.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,930 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 857 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in shares of Ituran Location and Control Ltd. (US) during the 4th quarter valued at $259,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ituran Location and Control Ltd. (US) during the 4th quarter valued at $299,000. Institutional investors and hedge funds own 64.20% 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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