Ituran Location and Control (NASDAQ:ITRN) Upgraded at Wall Street Zen

Ituran Location and Control (NASDAQ:ITRN) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Several other research analysts have also recently weighed in on the stock. Barclays upped their price target on shares of Ituran Location and Control from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Loop Capital set a $57.00 price objective on Ituran Location and Control in a research note on Monday, March 9th. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a research report on Monday, December 29th. Finally, Maxim Group started coverage on Ituran Location and Control in a research note on Thursday. They issued a “buy” rating and a $70.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $60.67.

Ituran Location and Control Stock Up 0.5%

Shares of NASDAQ:ITRN opened at $49.70 on Friday. The company has a 50 day moving average of $46.36 and a 200 day moving average of $41.04. Ituran Location and Control has a 12 month low of $30.06 and a 12 month high of $51.33.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Thursday, March 5th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. Ituran Location and Control had a net margin of 16.15% and a return on equity of 27.27%. The business had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $93.30 million.

Institutional Trading of Ituran Location and Control

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ibex Investors LLC grew its position in Ituran Location and Control by 2.3% during the third quarter. Ibex Investors LLC now owns 896,313 shares of the industrial products company’s stock valued at $32,016,000 after acquiring an additional 20,000 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Ituran Location and Control by 4.9% during the fourth quarter. Y.D. More Investments Ltd now owns 858,274 shares of the industrial products company’s stock worth $37,236,000 after acquiring an additional 39,718 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Ituran Location and Control by 909.3% in the 4th quarter. GW&K Investment Management LLC now owns 539,817 shares of the industrial products company’s stock worth $23,218,000 after acquiring an additional 486,331 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Ituran Location and Control by 7.0% in the 4th quarter. Rice Hall James & Associates LLC now owns 528,164 shares of the industrial products company’s stock valued at $22,716,000 after purchasing an additional 34,550 shares in the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of Ituran Location and Control by 0.3% in the 4th quarter. River Road Asset Management LLC now owns 410,105 shares of the industrial products company’s stock valued at $17,639,000 after purchasing an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Ituran Location and Control

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.