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

Separately, Zacks Investment Research cut shares of Ituran Location and Control from a buy rating to a hold rating in a research note on Tuesday, May 23rd.

Ituran Location and Control (NASDAQ ITRN) traded down 0.81% on Thursday, reaching $30.50. 18,315 shares of the company’s stock were exchanged. The firm has a market cap of $639.52 million, a PE ratio of 16.85 and a beta of 0.82. Ituran Location and Control has a 12 month low of $23.65 and a 12 month high of $36.95. The firm’s 50-day moving average is $31.25 and its 200-day moving average is $30.11.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Wednesday, May 17th. The industrial products company reported $0.62 earnings per share for the quarter. The business had revenue of $57.11 million during the quarter. Ituran Location and Control had a net margin of 18.15% and a return on equity of 35.51%. On average, equities analysts forecast that Ituran Location and Control will post $1.74 earnings per share for the current year.

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The company also recently declared a special dividend, which was paid on Tuesday, July 11th. Shareholders of record on Tuesday, June 27th were paid a $0.24 dividend. This represents a yield of 5.13%. The ex-dividend date was Friday, June 23rd. Ituran Location and Control’s dividend payout ratio is currently 53.04%.

A hedge fund recently raised its stake in Ituran Location and Control stock. Eagle Global Advisors LLC boosted its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 14.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,896 shares of the industrial products company’s stock after buying an additional 3,500 shares during the period. Eagle Global Advisors LLC owned 0.13% of Ituran Location and Control worth $873,000 as of its most recent SEC filing. 52.10% of the stock is currently 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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