Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts also recently weighed in on ITRN. Zacks Investment Research downgraded shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Chardan Capital downgraded shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Friday, November 17th. Finally, Telsey Advisory Group downgraded shares of Ituran Location and Control Ltd. (US) from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a report on Friday, November 17th.

Ituran Location and Control Ltd. (NASDAQ:ITRN) traded up $1.30 on Friday, reaching $35.05. 36,538 shares of the company’s stock traded hands, compared to its average volume of 32,021. Ituran Location and Control Ltd. has a 1 year low of $26.50 and a 1 year high of $38.00. The firm has a market capitalization of $707.67, a P/E ratio of 17.01 and a beta of 0.83.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRN. Simcoe Capital Management LLC raised its holdings in Ituran Location and Control Ltd. (US) by 635.8% during the third quarter. Simcoe Capital Management LLC now owns 625,365 shares of the industrial products company’s stock worth $22,544,000 after buying an additional 540,372 shares during the last quarter. FMR LLC raised its holdings in shares of Ituran Location and Control Ltd. (US) by 5.0% in the second quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock valued at $40,870,000 after purchasing an additional 61,724 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Ituran Location and Control Ltd. (US) by 543.8% in the third quarter. Allianz Asset Management GmbH now owns 63,461 shares of the industrial products company’s stock valued at $2,287,000 after purchasing an additional 53,604 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Ituran Location and Control Ltd. (US) by 106,353.8% in the second quarter. Advisor Group Inc. now owns 41,517 shares of the industrial products company’s stock valued at $1,300,000 after purchasing an additional 41,478 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Ituran Location and Control Ltd. (US) in the second quarter valued at about $1,085,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

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About Ituran Location and Control Ltd. (US)

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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