BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other research analysts also recently commented on ITRN. Jefferies Financial Group began 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 target for the company. Zacks Investment Research raised shares of Ituran Location and Control Ltd. (US) from a hold rating to a buy rating and set a $37.00 price target for the company in a report on Thursday, September 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $36.00.

ITRN opened at $34.37 on Thursday. Ituran Location and Control Ltd. has a 52 week low of $29.25 and a 52 week high of $38.00. The stock has a market cap of $806.84 million, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.38 and a beta of 0.92.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Wednesday, September 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Tuesday, September 25th. Ituran Location and Control Ltd. (US)’s payout ratio is 45.93%.

Several large investors have recently made changes to their positions in the stock. Vulcan Value Partners LLC lifted its holdings in shares of Ituran Location and Control Ltd. (US) by 27.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,702,061 shares of the industrial products company’s stock valued at $82,008,000 after acquiring an additional 586,393 shares during the last quarter. FMR LLC lifted its stake in Ituran Location and Control Ltd. (US) by 11.9% in the second quarter. FMR LLC now owns 1,987,713 shares of the industrial products company’s stock worth $60,327,000 after purchasing an additional 211,975 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Ituran Location and Control Ltd. (US) by 6.3% in the second quarter. Renaissance Technologies LLC now owns 1,339,600 shares of the industrial products company’s stock worth $40,657,000 after purchasing an additional 79,200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Ituran Location and Control Ltd. (US) by 0.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 361,659 shares of the industrial products company’s stock worth $11,063,000 after purchasing an additional 3,321 shares during the last quarter. Finally, River Road Asset Management LLC lifted its stake in Ituran Location and Control Ltd. (US) by 2.4% in the second quarter. River Road Asset Management LLC now owns 354,017 shares of the industrial products company’s stock worth $10,744,000 after purchasing an additional 8,177 shares during the last quarter. 52.11% of the stock is owned by hedge funds and other 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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