BidaskClub cut shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
Separately, Zacks Investment Research raised Ituran Location and Control from a hold rating to a buy rating and set a $34.00 target price on the stock in a research report on Tuesday, June 27th.
Ituran Location and Control (ITRN) traded down 0.81% during midday trading on Thursday, hitting $30.75. The company had a trading volume of 11,264 shares. Ituran Location and Control has a 52 week low of $23.65 and a 52 week high of $36.95. The stock has a 50 day moving average price of $31.25 and a 200-day moving average price of $30.11. The stock has a market capitalization of $644.77 million, a PE ratio of 20.10 and a beta of 0.81.
Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Wednesday, May 17th. The industrial products company reported $0.62 EPS for the quarter. The firm had revenue of $57.11 million during the quarter. Ituran Location and Control had a return on equity of 35.51% and a net margin of 18.15%. On average, equities analysts predict that Ituran Location and Control will post $1.74 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, June 27th were given a dividend of $0.24 per share. This represents a yield of 5.13%. The ex-dividend date of this dividend was Friday, June 23rd. Ituran Location and Control’s dividend payout ratio is currently 53.04%.
An institutional investor recently raised its position in Ituran Location and Control stock. Eagle Global Advisors LLC raised its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,896 shares of the industrial products company’s stock after buying an additional 3,500 shares during the period. Eagle Global Advisors LLC owned approximately 0.13% of Ituran Location and Control worth $873,000 at the end of the most recent quarter. 52.10% of the stock is currently owned by institutional investors.
Ituran Location and Control 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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