Ituran Location and Control Ltd. $ITRN Shares Newly Bought by CenterBook Partners LP

CenterBook Partners LP acquired a new position in Ituran Location and Control Ltd. (NASDAQ:ITRN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,320 shares of the industrial products company’s stock, valued at approximately $990,000. CenterBook Partners LP owned 0.10% of Ituran Location and Control as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rice Hall James & Associates LLC raised its position in shares of Ituran Location and Control by 0.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 531,854 shares of the industrial products company’s stock worth $26,066,000 after buying an additional 3,690 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Ituran Location and Control by 1.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 342,775 shares of the industrial products company’s stock valued at $16,799,000 after acquiring an additional 4,196 shares during the period. Sei Investments Co. increased its stake in shares of Ituran Location and Control by 2.7% during the first quarter. Sei Investments Co. now owns 111,874 shares of the industrial products company’s stock valued at $5,483,000 after acquiring an additional 2,889 shares during the period. Lazard Asset Management LLC increased its stake in shares of Ituran Location and Control by 10.3% during the first quarter. Lazard Asset Management LLC now owns 111,710 shares of the industrial products company’s stock valued at $5,475,000 after acquiring an additional 10,464 shares during the period. Finally, Navellier & Associates Inc. raised its holdings in Ituran Location and Control by 286.6% during the second quarter. Navellier & Associates Inc. now owns 51,056 shares of the industrial products company’s stock worth $3,115,000 after purchasing an additional 37,849 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Trading Down 4.2%

NASDAQ:ITRN opened at $49.64 on Wednesday. Ituran Location and Control Ltd. has a twelve month low of $35.22 and a twelve month high of $68.30. The company has a 50-day moving average of $51.58 and a 200-day moving average of $53.70. The firm has a market cap of $987.34 million, a price-to-earnings ratio of 15.32 and a beta of 0.79.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $104.79 million for the quarter, compared to analysts’ expectations of $99.84 million. Ituran Location and Control had a net margin of 16.28% and a return on equity of 29.03%. On average, research analysts forecast that Ituran Location and Control Ltd. will post 3.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ITRN shares. Weiss Ratings lowered Ituran Location and Control from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Wall Street Zen downgraded Ituran Location and Control from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.67.

Ituran Location and Control Profile

Ituran Location and Control Ltd. provides location-based telematics services and products for drivers, vehicle owners, and businesses. Its offerings include stolen-vehicle recovery and tracking, fleet management, and connected-vehicle services that help customers monitor vehicles and manage their use. The company combines in-vehicle hardware with wireless communications and location technology to deliver tracking, alerts, and vehicle-related information. Ituran serves customers in Israel and several international markets, including countries in Latin America.