Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Ituran Location and Control Ltd. (US)’s rating score has declined by 200% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $36.10 for the company, according to Zacks. Zacks has also given Ituran Location and Control Ltd. (US) an industry rank of 107 out of 265 based on the ratings given to related companies.

Several research firms recently issued reports on ITRN. Zacks Investment Research cut shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Telsey Advisory Group cut shares of Ituran Location and Control Ltd. (US) from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research report on Friday, November 17th. Finally, Chardan Capital cut shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Friday, November 17th.

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) opened at $35.05 on Friday. Ituran Location and Control Ltd. has a 12-month low of $26.50 and a 12-month high of $38.00. The stock has a market cap of $707.67, a PE ratio of 17.01 and a beta of 0.83.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, December 26th. Ituran Location and Control Ltd. (US)’s dividend payout ratio (DPR) is presently 46.60%.

A number of hedge funds have recently made changes to their positions in ITRN. Simcoe Capital Management LLC boosted its stake in 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 buying an additional 540,372 shares during the period. FMR LLC boosted 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 buying an additional 61,724 shares during the period. Allianz Asset Management GmbH boosted its stake in 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 buying an additional 53,604 shares during the period. Advisor Group Inc. boosted its stake in Ituran Location and Control Ltd. (US) by 106,353.8% during the second quarter. Advisor Group Inc. now owns 41,517 shares of the industrial products company’s stock worth $1,300,000 after buying an additional 41,478 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in Ituran Location and Control Ltd. (US) during the second quarter worth about $1,085,000. 51.63% of the stock is owned by institutional investors.

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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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