Ituran Location and Control Ltd. (NASDAQ:ITRN) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.50 earnings per share for the quarter, Morningstar.com reports. Ituran Location and Control had a return on equity of 35.51% and a net margin of 18.15%.

Ituran Location and Control (ITRN) traded up 1.464% during mid-day trading on Wednesday, reaching $31.048. The company had a trading volume of 38,342 shares. The firm has a 50-day moving average price of $30.94 and a 200 day moving average price of $30.42. Ituran Location and Control has a 12-month low of $23.73 and a 12-month high of $36.95. The firm has a market capitalization of $651.01 million, a price-to-earnings ratio of 17.154 and a beta of 0.80.

A number of analysts recently weighed in on ITRN shares. BidaskClub upgraded Ituran Location and Control from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded Ituran Location and Control from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, June 27th.

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A number of hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in Ituran Location and Control by 5.0% in the second quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock valued at $40,870,000 after buying an additional 61,724 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ituran Location and Control by 0.3% in the second quarter. Renaissance Technologies LLC now owns 1,128,700 shares of the industrial products company’s stock valued at $35,328,000 after buying an additional 3,800 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in Ituran Location and Control by 6.1% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 656,662 shares of the industrial products company’s stock valued at $20,553,000 after buying an additional 37,877 shares in the last quarter. Sphera Funds Management LTD. increased its stake in Ituran Location and Control by 8.2% in the second quarter. Sphera Funds Management LTD. now owns 304,421 shares of the industrial products company’s stock valued at $9,528,000 after buying an additional 23,065 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Ituran Location and Control by 23.0% in the second quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock valued at $4,218,000 after buying an additional 25,194 shares in the last quarter. 52.11% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History for Ituran Location and Control (NASDAQ:ITRN)

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