Ituran Location and Control Ltd. (NASDAQ:ITRN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $34.20 for the company, according to Zacks. Zacks has also given Ituran Location and Control an industry rank of 51 out of 265 based on the ratings given to its competitors.

Several research analysts have commented on the company. BidaskClub raised Ituran Location and Control from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Ituran Location and Control from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Wednesday, September 13th.

Ituran Location and Control (ITRN) traded down $0.10 during trading hours on Friday, reaching $35.35. The company’s stock had a trading volume of 23,261 shares, compared to its average volume of 32,658. Ituran Location and Control has a one year low of $23.95 and a one year high of $38.00. The stock has a market capitalization of $739.12, a price-to-earnings ratio of 18.08 and a beta of 0.83.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.50 EPS for the quarter. Ituran Location and Control had a return on equity of 36.12% and a net margin of 18.67%. The company had revenue of $58.53 million for the quarter. equities research analysts expect that Ituran Location and Control will post 2.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 19th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Monday, September 18th. Ituran Location and Control’s dividend payout ratio (DPR) is presently 49.23%.

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Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in 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 purchasing 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% during the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,263 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of Ituran Location and Control during the second quarter worth about $228,000. Covey Capital Advisors LLC purchased a new stake in shares of Ituran Location and Control during the second quarter worth about $252,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Ituran Location and Control during the second quarter worth about $344,000. 51.63% of the stock is currently owned by institutional investors.

About Ituran Location and Control

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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