Eagle Global Advisors LLC boosted its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,896 shares of the industrial products company’s stock after buying an additional 3,500 shares during the period. Eagle Global Advisors LLC owned 0.13% of Ituran Location and Control worth $873,000 as of its most recent filing with the SEC.
Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) traded up 0.33% during mid-day trading on Friday, hitting $30.30. 8,134 shares of the stock traded hands. Ituran Location and Control Ltd. has a 52 week low of $23.73 and a 52 week high of $36.95. The firm’s 50-day moving average is $30.92 and its 200-day moving average is $30.32. The stock has a market cap of $635.33 million, a price-to-earnings ratio of 16.74 and a beta of 0.80.
Ituran Location and Control (NASDAQ:ITRN) last announced its earnings results on Wednesday, May 17th. The industrial products company reported $0.62 EPS for the quarter. The company had revenue of $57.11 million during the quarter. Ituran Location and Control had a return on equity of 35.51% and a net margin of 18.15%. On average, analysts forecast that Ituran Location and Control Ltd. will post $1.74 earnings per share for the current year.
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ITRN has been the subject of several analyst reports. BidaskClub lowered shares of Ituran Location and Control from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th.
Ituran Location and Control Company Profile
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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