Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $60.6667.
ITRN has been the topic of several analyst reports. Wall Street Zen upgraded Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a research report on Wednesday, May 27th. Zacks Research raised Ituran Location and Control to a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised Ituran Location and Control from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday.
View Our Latest Research Report on ITRN
Ituran Location and Control Stock Up 1.8%
Ituran Location and Control (NASDAQ:ITRN – Get Free Report) last posted its earnings results on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm had revenue of $104.79 million during the quarter, compared to analysts’ expectations of $99.84 million. Ituran Location and Control had a net margin of 16.28% and a return on equity of 29.03%. Research analysts expect that Ituran Location and Control will post 3.54 earnings per share for the current year.
Ituran Location and Control Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 29th. Ituran Location and Control’s dividend payout ratio is currently 61.73%.
Hedge Funds Weigh In On Ituran Location and Control
Several large investors have recently bought and sold shares of ITRN. Cannell & Spears LLC bought a new position in shares of Ituran Location and Control in the first quarter valued at approximately $2,373,000. Y Intercept Hong Kong Ltd bought a new position in Ituran Location and Control during the 1st quarter valued at $1,451,000. Y.D. More Investments Ltd increased its position 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 valued at $43,681,000 after purchasing an additional 33,000 shares during the period. Total Wealth Planning & Management Inc. acquired a new position in shares of Ituran Location and Control during the 4th quarter valued at $689,000. Finally, Burney Co. acquired a new position in shares of Ituran Location and Control during the 1st quarter valued at $638,000. 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 a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.
Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.
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