Ituran Location and Control Ltd. (ITRN) – What Are Researchers Thinking About This Stock?

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $60.67.

Separately, Weiss Ratings lowered shares of Ituran Location and Control from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd.

Ituran Location and Control Stock Down 0.4%

NASDAQ ITRN opened at $52.21 on Tuesday. Ituran Location and Control has a 12-month low of $35.22 and a 12-month high of $68.30. The company has a market capitalization of $1.04 billion, a PE ratio of 16.29 and a beta of 0.78. The firm’s 50 day moving average is $51.59 and its 200-day moving average is $53.50.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Ituran Location and Control had a net margin of 16.28% and a return on equity of 29.03%. The business had revenue of $104.79 million for the quarter, compared to analyst estimates of $99.84 million. As a group, sell-side analysts expect that Ituran Location and Control will post 3.54 EPS for the current year.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, September 29th. Ituran Location and Control’s dividend payout ratio is currently 61.73%.

Institutional Trading of Ituran Location and Control

A number of hedge funds and other institutional investors have recently modified their holdings of ITRN. Y.D. More Investments Ltd raised its stake in shares of Ituran Location and Control by 3.8% during the 1st quarter. Y.D. More Investments Ltd now owns 891,274 shares of the industrial products company’s stock worth $43,681,000 after purchasing an additional 33,000 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Ituran Location and Control by 0.7% in the first quarter. Rice Hall James & Associates LLC now owns 531,854 shares of the industrial products company’s stock valued at $26,066,000 after buying an additional 3,690 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Ituran Location and Control by 1.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 342,775 shares of the industrial products company’s stock valued at $16,799,000 after buying an additional 4,196 shares in the last quarter. Sei Investments Co. grew its stake in shares of Ituran Location and Control by 2.7% in the first quarter. Sei Investments Co. now owns 111,874 shares of the industrial products company’s stock valued at $5,483,000 after buying an additional 2,889 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Ituran Location and Control by 10.3% during the first quarter. Lazard Asset Management LLC now owns 111,710 shares of the industrial products company’s stock worth $5,475,000 after buying an additional 10,464 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd. is an Israel-based provider of vehicle location, tracking and control services. The company develops and operates solutions designed to help recover stolen vehicles, monitor vehicle locations and improve the safety, security and management of automobiles and other mobile assets.

Its offerings include stolen-vehicle recovery systems, GPS and cellular tracking devices, fleet-management tools, telematics services and related subscription-based monitoring services.