Shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Ituran Location and Control Ltd. (US)’s rating score has declined by 200% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus target price of $36.10 for the company, according to Zacks. Zacks has also assigned Ituran Location and Control Ltd. (US) an industry rank of 160 out of 265 based on the ratings given to its competitors.

Several research firms have weighed in on ITRN. Chardan Capital cut 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. Zacks Investment Research cut Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research note on Thursday. Telsey Advisory Group cut 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, BidaskClub cut Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in 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 lifted its stake in shares of Ituran Location and Control Ltd. (US) by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,128,700 shares of the industrial products company’s stock valued at $35,328,000 after acquiring an additional 3,800 shares during the last quarter. Simcoe Capital Management LLC lifted its stake in shares of Ituran Location and Control Ltd. (US) by 635.8% in the 3rd quarter. Simcoe Capital Management LLC now owns 625,365 shares of the industrial products company’s stock valued at $22,544,000 after acquiring an additional 540,372 shares during the last quarter. State Street Corp lifted its stake in shares of Ituran Location and Control Ltd. (US) by 4.3% in the 2nd quarter. State Street Corp now owns 122,647 shares of the industrial products company’s stock valued at $3,840,000 after acquiring an additional 5,008 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Ituran Location and Control Ltd. (US) by 543.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 63,461 shares of the industrial products company’s stock valued at $2,287,000 after acquiring an additional 53,604 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Shares of Ituran Location and Control Ltd. (NASDAQ ITRN) traded up $1.15 during trading hours on Friday, reaching $35.25. The company had a trading volume of 18,615 shares, compared to its average volume of 27,982. The firm has a market capitalization of $739.12, a P/E ratio of 17.11 and a beta of 0.83. Ituran Location and Control Ltd. has a 1-year low of $26.50 and a 1-year high of $38.00.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last issued its quarterly earnings results on Wednesday, November 15th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter. Ituran Location and Control Ltd. (US) had a return on equity of 36.10% and a net margin of 18.99%. equities analysts expect that Ituran Location and Control Ltd. will post 2.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, December 26th. Ituran Location and Control Ltd. (US)’s payout ratio is presently 46.60%.

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About Ituran Location and Control Ltd. (US)

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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