Ituran Location and Control Ltd. (NASDAQ:ITRN) Stock Position Decreased by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,707 shares of the industrial products company’s stock after selling 702 shares during the period. California State Teachers Retirement System owned 0.09% of Ituran Location and Control worth $288,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ITRN. State of Tennessee Treasury Department bought a new stake in shares of Ituran Location and Control during the 2nd quarter valued at about $26,000. NEXT Financial Group Inc bought a new stake in shares of Ituran Location and Control during the 3rd quarter valued at about $28,000. JPMorgan Chase & Co. grew its position in shares of Ituran Location and Control by 813.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,606 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7,664 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Ituran Location and Control during the 3rd quarter valued at about $157,000. Finally, Pzena Investment Management LLC boosted its stake in Ituran Location and Control by 43.6% during the 3rd quarter. Pzena Investment Management LLC now owns 20,472 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 6,220 shares during the period. 62.51% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ITRN opened at $19.05 on Friday. The company has a 50 day moving average of $17.83 and a 200-day moving average of $15.47. The firm has a market cap of $447.10 million, a P/E ratio of -70.55 and a beta of 1.39. Ituran Location and Control Ltd. has a twelve month low of $11.01 and a twelve month high of $26.37. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings results on Tuesday, November 17th. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The company had revenue of $60.33 million during the quarter, compared to analyst estimates of $59.10 million. Ituran Location and Control had a negative net margin of 2.41% and a positive return on equity of 23.94%. Equities research analysts forecast that Ituran Location and Control Ltd. will post 1.47 EPS for the current year.

A number of research analysts have issued reports on ITRN shares. ValuEngine raised shares of Ituran Location and Control from a “sell” rating to a “hold” rating in a research note on Tuesday, December 22nd. TheStreet raised shares of Ituran Location and Control from a “d+” rating to a “c-” rating in a research note on Wednesday, November 18th. BidaskClub raised shares of Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 25th. Finally, Zacks Investment Research raised shares of Ituran Location and Control from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.00.

Ituran Location and Control Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products. 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 (NASDAQ:ITRN)

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