Ituran Location and Control Ltd. (NASDAQ:ITRN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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 raised shares of Ituran Location and Control from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th.

Shares of Ituran Location and Control (NASDAQ ITRN) opened at 37.45 on Wednesday. The firm has a 50-day moving average of $35.65 and a 200 day moving average of $32.51. Ituran Location and Control has a 1-year low of $23.95 and a 1-year high of $37.75. The company has a market capitalization of $785.25 million, a P/E ratio of 19.25 and a beta of 0.80.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Wednesday, August 16th. The industrial products company reported $0.50 EPS for the quarter. Ituran Location and Control had a net margin of 18.67% and a return on equity of 36.12%. The firm had revenue of $58.53 million during the quarter. On average, equities research analysts expect that Ituran Location and Control will post $1.74 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of Ituran Location and Control by 4.3% in the 2nd quarter. State Street Corp now owns 122,647 shares of the industrial products company’s stock worth $3,840,000 after purchasing an additional 5,008 shares during the period. ETF Managers Group LLC purchased a new stake in shares of Ituran Location and Control in the 2nd quarter worth about $228,000. Royal Bank of Canada lifted its position in shares of Ituran Location and Control by 33.9% in the 2nd quarter. Royal Bank of Canada now owns 11,031 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 2,795 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Ituran Location and Control in the 2nd quarter worth about $1,085,000. Finally, PDT Partners LLC purchased a new stake in shares of Ituran Location and Control in the 2nd quarter worth about $354,000. 51.75% of the stock is owned by hedge funds and other institutional investors.

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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