Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group assumed coverage on shares of Ituran Location and Control Ltd. (US) in a report on Friday, July 20th. They issued a “buy” rating and a $35.00 price objective for the company. Zacks Investment Research upgraded shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, September 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Ituran Location and Control Ltd. (US) has a consensus rating of “Hold” and a consensus target price of $36.00.

Shares of ITRN opened at $34.20 on Wednesday. The company has a market capitalization of $785.25 million, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. Ituran Location and Control Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $38.00.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its quarterly earnings data on Thursday, August 30th. The industrial products company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The firm had revenue of $57.72 million during the quarter, compared to analyst estimates of $59.92 million. Ituran Location and Control Ltd. (US) had a net margin of 17.91% and a return on equity of 32.97%. research analysts predict that Ituran Location and Control Ltd. will post 2.08 earnings per share for the current year.

A number of large investors have recently bought and sold shares of ITRN. River Road Asset Management LLC raised its holdings in Ituran Location and Control Ltd. (US) by 2.4% during the 2nd quarter. River Road Asset Management LLC now owns 354,017 shares of the industrial products company’s stock valued at $10,744,000 after buying an additional 8,177 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Ituran Location and Control Ltd. (US) by 0.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 361,659 shares of the industrial products company’s stock valued at $11,063,000 after buying an additional 3,321 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Ituran Location and Control Ltd. (US) during the 2nd quarter valued at $108,000. Delek Group Ltd. raised its holdings in Ituran Location and Control Ltd. (US) by 28.5% during the 2nd quarter. Delek Group Ltd. now owns 196,415 shares of the industrial products company’s stock valued at $6,008,000 after buying an additional 43,613 shares during the last quarter. Finally, FMR LLC raised its holdings in Ituran Location and Control Ltd. (US) by 11.9% during the 2nd quarter. FMR LLC now owns 1,987,713 shares of the industrial products company’s stock valued at $60,327,000 after buying an additional 211,975 shares during the last quarter. Institutional investors own 52.11% of the company’s stock.

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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