Acadian Asset Management LLC Grows Stake in Ituran Location and Control Ltd. (US) (NASDAQ:ITRN)

Acadian Asset Management LLC boosted its position in Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) by 59.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,768 shares of the industrial products company’s stock after acquiring an additional 16,636 shares during the quarter. Acadian Asset Management LLC owned 0.21% of Ituran Location and Control Ltd. (US) worth $1,530,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Ituran Location and Control Ltd. (US) by 30.8% during the second quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 1,078 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Ituran Location and Control Ltd. (US) by 47.8% during the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,263 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of Ituran Location and Control Ltd. (US) during the second quarter worth approximately $228,000. California Public Employees Retirement System purchased a new position in shares of Ituran Location and Control Ltd. (US) during the second quarter worth approximately $344,000. Finally, Royal Bank of Canada grew its position in shares of Ituran Location and Control Ltd. (US) by 33.9% during the second quarter. Royal Bank of Canada now owns 11,031 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 2,795 shares during the last quarter. 53.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on ITRN. BidaskClub lowered shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. 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 report 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 report on Friday, November 17th.

Shares of Ituran Location and Control Ltd. (NASDAQ ITRN) opened at $34.05 on Thursday. The company has a market cap of $713.96, a price-to-earnings ratio of 16.53 and a beta of 0.79. Ituran Location and Control Ltd. has a 1 year low of $26.90 and a 1 year high of $38.00.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last issued its earnings results on Wednesday, November 15th. The industrial products company reported $0.50 EPS for the quarter. The company had revenue of $61.59 million for the quarter. Ituran Location and Control Ltd. (US) had a net margin of 18.99% and a return on equity of 36.10%. analysts forecast that Ituran Location and Control Ltd. will post 2.15 EPS for the current year.

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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.

Institutional Ownership by Quarter for Ituran Location and Control Ltd. (US) (NASDAQ:ITRN)

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