Ituran Location and Control Ltd. (NASDAQ:ITRN) released its quarterly earnings results on Wednesday. The industrial products company reported $0.50 earnings per share for the quarter, Morningstar.com reports. Ituran Location and Control had a return on equity of 35.51% and a net margin of 18.15%.

Ituran Location and Control (ITRN) traded up 1.464% during midday trading on Wednesday, hitting $31.048. The stock had a trading volume of 38,342 shares. The stock has a market cap of $651.01 million, a price-to-earnings ratio of 17.154 and a beta of 0.80. The company has a 50-day moving average of $30.94 and a 200-day moving average of $30.42. Ituran Location and Control has a 1-year low of $23.73 and a 1-year high of $36.95.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Ituran Location and Control by 30.8% in the second quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock valued at $143,000 after buying an additional 1,078 shares during the period. New York State Common Retirement Fund increased its position in shares of Ituran Location and Control by 47.8% in the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock valued at $219,000 after buying an additional 2,263 shares during the period. ETF Managers Group LLC bought a new position in shares of Ituran Location and Control during the second quarter valued at about $228,000. Covey Capital Advisors LLC bought a new position in shares of Ituran Location and Control during the second quarter valued at about $252,000. Finally, California Public Employees Retirement System bought a new position in shares of Ituran Location and Control during the second quarter valued at about $344,000. Institutional investors own 52.11% of the company’s stock.

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A number of research firms recently weighed in on ITRN. Zacks Investment Research cut Ituran Location and Control from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. BidaskClub cut Ituran Location and Control from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

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.

Earnings History for Ituran Location and Control (NASDAQ:ITRN)

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