Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) from a strong sell rating to a sell rating in a research report released on Saturday morning, BidAskClub reports.

A number of other research firms have also recently weighed in on ITRN. TheStreet cut shares of Ituran Location and Control Ltd. (US) from a b- rating to a c+ rating in a report on Monday, October 14th. ValuEngine raised shares of Ituran Location and Control Ltd. (US) from a hold rating to a buy rating in a report on Wednesday, October 2nd. Finally, Barclays cut their price objective on shares of Ituran Location and Control Ltd. (US) from $39.00 to $34.00 and set an overweight rating on the stock in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Ituran Location and Control Ltd. (US) presently has an average rating of Hold and a consensus target price of $37.00.

Shares of Ituran Location and Control Ltd. (US) stock opened at $25.98 on Friday. Ituran Location and Control Ltd. has a 52-week low of $23.38 and a 52-week high of $38.50. The company has a 50 day moving average of $25.97 and a 200 day moving average of $30.24. The company has a quick ratio of 1.51, a current ratio of 1.77 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $534.82 million, a P/E ratio of 10.60, a P/E/G ratio of 0.84 and a beta of 0.89.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). Ituran Location and Control Ltd. (US) had a return on equity of 29.72% and a net margin of 20.55%. The firm had revenue of $71.24 million during the quarter, compared to analysts’ expectations of $75.09 million. As a group, research analysts anticipate that Ituran Location and Control Ltd. will post 1.86 earnings per share for the current fiscal year.

The business also recently disclosed a — dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a yield of 3.6%. Ituran Location and Control Ltd. (US)’s payout ratio is currently 39.18%.

A number of hedge funds have recently added to or reduced their stakes in ITRN. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ituran Location and Control Ltd. (US) by 50.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,187 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 730 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Ituran Location and Control Ltd. (US) by 10.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 10,303 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 955 shares during the period. Brasada Capital Management LP increased its holdings in shares of Ituran Location and Control Ltd. (US) by 7.0% in the 2nd quarter. Brasada Capital Management LP now owns 12,150 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 800 shares during the period. Campbell & CO Investment Adviser LLC increased its holdings in shares of Ituran Location and Control Ltd. (US) by 123.0% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 15,397 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 8,491 shares during the period. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Ituran Location and Control Ltd. (US) by 18.6% in the 2nd quarter. Aptus Capital Advisors LLC now owns 16,766 shares of the industrial products company’s stock valued at $504,000 after acquiring an additional 2,626 shares during the period. 61.82% of the stock is currently owned by institutional investors.

Ituran Location and Control Ltd. (US) Company Profile

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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