Public Employees Retirement Association of Colorado Sells 327 Shares of Ituran Location and Control Ltd. (US) (ITRN)

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Public Employees Retirement Association of Colorado lowered its position in shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,603 shares of the industrial products company’s stock after selling 327 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Ituran Location and Control Ltd. (US) were worth $123,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Noked Capital LTD bought a new stake in shares of Ituran Location and Control Ltd. (US) during the fourth quarter worth $14,942,000. Sphera Funds Management LTD. bought a new stake in shares of Ituran Location and Control Ltd. (US) during the fourth quarter worth $14,637,000. BlackRock Inc. raised its position in shares of Ituran Location and Control Ltd. (US) by 4.7% during the fourth quarter. BlackRock Inc. now owns 490,187 shares of the industrial products company’s stock worth $15,717,000 after acquiring an additional 22,220 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Ituran Location and Control Ltd. (US) by 48.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 439,622 shares of the industrial products company’s stock worth $15,112,000 after acquiring an additional 143,920 shares during the last quarter. Finally, Covey Capital Advisors LLC raised its position in shares of Ituran Location and Control Ltd. (US) by 7.0% during the fourth quarter. Covey Capital Advisors LLC now owns 52,013 shares of the industrial products company’s stock worth $1,667,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors own 64.20% of the company’s stock.

Shares of Ituran Location and Control Ltd. (US) stock opened at $33.82 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. Ituran Location and Control Ltd. has a 12 month low of $29.25 and a 12 month high of $38.50. The firm has a market cap of $721.79 million, a P/E ratio of 13.80, a P/E/G ratio of 0.73 and a beta of 0.81.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its quarterly earnings data on Monday, March 11th. The industrial products company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ituran Location and Control Ltd. (US) had a return on equity of 34.74% and a net margin of 25.47%. The business had revenue of $79.17 million during the quarter, compared to analysts’ expectations of $90.39 million. As a group, equities research analysts anticipate that Ituran Location and Control Ltd. will post 2.9 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on ITRN. Barclays began coverage on Ituran Location and Control Ltd. (US) in a research report on Thursday. They set an “overweight” rating and a $42.00 target price for the company. Zacks Investment Research cut Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Finally, BidaskClub raised Ituran Location and Control Ltd. (US) from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th.

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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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