Ituran Location and Control Ltd. (US) (ITRN) Stock Rating Upgraded by Zacks Investment Research

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Ituran provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security, and radio frequency identification products for various purposes including automatic meter reading, electronic toll collection and homeland security applications. “

Separately, BidaskClub lowered Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th.

Shares of Ituran Location and Control Ltd. (US) stock opened at $33.75 on Wednesday. The stock has a market capitalization of $697.44 million, a price-to-earnings ratio of 13.78, a PEG ratio of 0.70 and a beta of 0.81. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. Ituran Location and Control Ltd. has a one year low of $29.25 and a one year high of $38.50.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its earnings results on Monday, March 11th. The industrial products company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $79.17 million during the quarter, compared to the consensus estimate of $90.39 million. Ituran Location and Control Ltd. (US) had a net margin of 25.47% and a return on equity of 34.74%. On average, sell-side analysts anticipate that Ituran Location and Control Ltd. will post 2.9 EPS for the current year.

Several hedge funds have recently modified their holdings of ITRN. Marshall Wace LLP purchased a new stake in shares of Ituran Location and Control Ltd. (US) during the third quarter worth about $341,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Ituran Location and Control Ltd. (US) by 8.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 295,702 shares of the industrial products company’s stock worth $9,542,000 after acquiring an additional 23,412 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Ituran Location and Control Ltd. (US) by 3.2% during the fourth quarter. ETF Managers Group LLC now owns 16,089 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 497 shares during the last quarter. Brasada Capital Management LP grew its stake in shares of Ituran Location and Control Ltd. (US) by 17.9% during the fourth quarter. Brasada Capital Management LP now owns 12,750 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 1,940 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Ituran Location and Control Ltd. (US) by 0.5% during the fourth quarter. River Road Asset Management LLC now owns 402,535 shares of the industrial products company’s stock worth $12,905,000 after acquiring an additional 1,910 shares during the last quarter. Institutional investors and hedge funds own 64.20% 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.

Featured Story: Understanding Specialty Certificates of Deposit

Get a free copy of the Zacks research report on Ituran Location and Control Ltd. (US) (ITRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ituran Location and Control Ltd. (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control Ltd. (US) and related companies with MarketBeat.com's FREE daily email newsletter.