Rice Hall James & Associates LLC Purchases 692 Shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN)

Rice Hall James & Associates LLC boosted its position in shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 224,708 shares of the industrial products company’s stock after purchasing an additional 692 shares during the period. Rice Hall James & Associates LLC owned about 1.05% of Ituran Location and Control Ltd. (US) worth $6,761,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ITRN. Legal & General Group Plc lifted its holdings in shares of Ituran Location and Control Ltd. (US) by 58.8% in the fourth quarter. Legal & General Group Plc now owns 929 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 344 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Ituran Location and Control Ltd. (US) by 16.5% in the 4th quarter. Bank of America Corp DE now owns 3,376 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Ituran Location and Control Ltd. (US) by 51.7% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 12,757 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 4,347 shares during the last quarter. Menta Capital LLC bought a new stake in shares of Ituran Location and Control Ltd. (US) in the 1st quarter valued at approximately $691,000. Finally, Summit Global Investments lifted its stake in shares of Ituran Location and Control Ltd. (US) by 7.1% in the 1st quarter. Summit Global Investments now owns 22,500 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 1,500 shares during the last quarter. 60.10% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on ITRN. Zacks Investment Research lowered Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Barclays set a $39.00 price objective on Ituran Location and Control Ltd. (US) and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, BidaskClub raised Ituran Location and Control Ltd. (US) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 3rd.



Shares of ITRN stock traded down $0.15 during trading hours on Thursday, reaching $28.46. The company had a trading volume of 348 shares, compared to its average volume of 63,181. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.55. The stock has a fifty day simple moving average of $29.77. The firm has a market cap of $603.97 million, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.76 and a beta of 0.83. Ituran Location and Control Ltd. has a 12-month low of $27.75 and a 12-month high of $38.50.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last posted its quarterly earnings data on Tuesday, May 21st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.17). Ituran Location and Control Ltd. (US) had a net margin of 23.24% and a return on equity of 32.82%. The company had revenue of $73.60 million during the quarter, compared to the consensus estimate of $86.76 million. As a group, analysts anticipate that Ituran Location and Control Ltd. will post 2.33 earnings per share for the current fiscal year.

Ituran Location and Control Ltd. (US) Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and personal locator services that allow customers to protect valuable merchandise and equipment.

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Institutional Ownership by Quarter for Ituran Location and Control Ltd. (US) (NASDAQ:ITRN)

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