Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other brokerages also recently commented on ITRN. Zacks Investment Research downgraded Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Telsey Advisory Group downgraded Ituran Location and Control Ltd. (US) from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research note on Friday, November 17th. Finally, Chardan Capital downgraded Ituran Location and Control Ltd. (US) from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Friday, November 17th.

Shares of Ituran Location and Control Ltd. (ITRN) traded up $1.30 during midday trading on Friday, reaching $35.05. The company’s stock had a trading volume of 36,538 shares, compared to its average volume of 32,021. The firm has a market capitalization of $707.67, a P/E ratio of 17.01 and a beta of 0.83. Ituran Location and Control Ltd. has a 12-month low of $26.50 and a 12-month high of $38.00.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Ituran Location and Control Ltd. (US) by 5.0% during the second quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock worth $40,870,000 after purchasing an additional 61,724 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Ituran Location and Control Ltd. (US) by 0.3% during the second quarter. Renaissance Technologies LLC now owns 1,128,700 shares of the industrial products company’s stock worth $35,328,000 after purchasing an additional 3,800 shares during the last quarter. Simcoe Capital Management LLC grew its holdings in shares of Ituran Location and Control Ltd. (US) by 635.8% during the third quarter. Simcoe Capital Management LLC now owns 625,365 shares of the industrial products company’s stock worth $22,544,000 after purchasing an additional 540,372 shares during the last quarter. State Street Corp grew its holdings in shares of Ituran Location and Control Ltd. (US) by 4.3% during the second 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 last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Ituran Location and Control Ltd. (US) by 543.8% during the third quarter. Allianz Asset Management GmbH now owns 63,461 shares of the industrial products company’s stock worth $2,287,000 after purchasing an additional 53,604 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

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Ituran Location and Control Ltd. (US) Company Profile

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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