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

Several other equities research analysts have also commented on ITRN. Zacks Investment Research lowered shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Chardan Capital lowered 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 research note on Friday, November 17th. Finally, Telsey Advisory Group lowered 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 research note on Friday, November 17th.

Ituran Location and Control Ltd. (ITRN) opened at $34.90 on Friday. Ituran Location and Control Ltd. has a 52-week low of $25.45 and a 52-week high of $38.00. The stock has a market cap of $734.95, a PE ratio of 17.90 and a beta of 0.82.

A number of large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in Ituran Location and Control Ltd. (US) by 5.0% during the second quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock worth $40,870,000 after acquiring an additional 61,724 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Ituran Location and Control Ltd. (US) by 0.3% during the second quarter. Renaissance Technologies LLC now owns 1,128,700 shares of the industrial products company’s stock worth $35,328,000 after acquiring an additional 3,800 shares in the last quarter. Simcoe Capital Management LLC boosted its stake 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 acquiring an additional 540,372 shares in the last quarter. Sphera Funds Management LTD. lifted its stake in shares of Ituran Location and Control Ltd. (US) by 8.2% in the second quarter. Sphera Funds Management LTD. now owns 304,421 shares of the industrial products company’s stock worth $9,528,000 after buying an additional 23,065 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Ituran Location and Control Ltd. (US) by 4.3% in the second quarter. State Street Corp now owns 122,647 shares of the industrial products company’s stock worth $3,840,000 after buying an additional 5,008 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

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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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