Jefferies Financial Group restated their buy rating on shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) in a research note published on Tuesday, MarketBeat Ratings reports. They currently have a $41.00 price target on the industrial products company’s stock. Jefferies Financial Group also issued estimates for Ituran Location and Control Ltd. (US)’s Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $2.40 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.80 EPS, FY2019 earnings at $3.02 EPS and FY2020 earnings at $3.34 EPS.

ITRN has been the topic of a number of other reports. Zacks Investment Research lowered Ituran Location and Control Ltd. (US) from a strong-buy rating to a hold rating in a research note on Wednesday, October 31st. BidaskClub raised Ituran Location and Control Ltd. (US) from a sell rating to a hold rating in a research note on Friday, August 31st.

Ituran Location and Control Ltd. (US) stock opened at $33.32 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.42 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $714.94 million, a P/E ratio of 15.94, a P/E/G ratio of 0.87 and a beta of 0.85. Ituran Location and Control Ltd. has a one year low of $29.25 and a one year high of $36.72.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last posted its quarterly earnings data on Monday, November 26th. The industrial products company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.14. The company had revenue of $53.38 million for the quarter, compared to analyst estimates of $57.06 million. Ituran Location and Control Ltd. (US) had a return on equity of 32.17% and a net margin of 25.13%. Equities analysts predict that Ituran Location and Control Ltd. will post 2.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Wednesday, December 26th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, December 24th. Ituran Location and Control Ltd. (US)’s dividend payout ratio is currently 45.93%.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in shares of Ituran Location and Control Ltd. (US) in the second quarter worth approximately $108,000. Schroder Investment Management Group lifted its stake in Ituran Location and Control Ltd. (US) by 124.0% in the second quarter. Schroder Investment Management Group now owns 210,600 shares of the industrial products company’s stock valued at $6,445,000 after buying an additional 116,600 shares during the period. River Road Asset Management LLC lifted its stake in Ituran Location and Control Ltd. (US) by 13.2% in the third quarter. River Road Asset Management LLC now owns 400,625 shares of the industrial products company’s stock valued at $13,781,000 after buying an additional 46,608 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Ituran Location and Control Ltd. (US) by 1.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 368,093 shares of the industrial products company’s stock valued at $12,751,000 after buying an additional 6,434 shares during the period. Finally, WBI Investments Inc. acquired a new position in Ituran Location and Control Ltd. (US) in the third quarter valued at approximately $233,000. 57.99% of the stock is currently owned by institutional investors.

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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