Pictet Asset Management Holding SA Has $4.64 Million Stake in Elbit Systems Ltd. $ESLT

Pictet Asset Management Holding SA lifted its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 9.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,061 shares of the aerospace company’s stock after acquiring an additional 679 shares during the period. Pictet Asset Management Holding SA’s holdings in Elbit Systems were worth $4,644,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in shares of Elbit Systems during the 4th quarter worth approximately $26,000. Financial Consulate Inc. acquired a new stake in shares of Elbit Systems during the 3rd quarter worth approximately $60,000. Wexford Capital LP acquired a new stake in shares of Elbit Systems during the 3rd quarter worth approximately $63,000. Smartleaf Asset Management LLC grew its position in shares of Elbit Systems by 24.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock worth $97,000 after buying an additional 38 shares during the period. Finally, Montag A & Associates Inc. grew its position in shares of Elbit Systems by 27.8% during the 3rd quarter. Montag A & Associates Inc. now owns 193 shares of the aerospace company’s stock worth $98,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ESLT has been the subject of several analyst reports. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Elbit Systems from $580.00 to $930.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $667.00.

Insider Buying and Selling at Elbit Systems

In related news, EVP Yoram Shmuely sold 7,654 shares of Elbit Systems stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Ariel sold 7,654 shares of Elbit Systems stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. The SEC filing for this sale provides additional information. Insiders have sold 69,736 shares of company stock worth $61,883,726 over the last ninety days. 0.84% of the stock is owned by corporate insiders.

Elbit Systems Price Performance

Elbit Systems stock opened at $831.22 on Monday. The company’s 50 day simple moving average is $870.30 and its 200 day simple moving average is $678.51. Elbit Systems Ltd. has a fifty-two week low of $369.60 and a fifty-two week high of $1,016.06. The firm has a market capitalization of $36.95 billion, a price-to-earnings ratio of 73.17, a PEG ratio of 3.49 and a beta of 0.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.33. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.09 billion. As a group, sell-side analysts anticipate that Elbit Systems Ltd. will post 15.47 EPS for the current year.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 13th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, April 13th. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.75. Elbit Systems’s payout ratio is 29.31%.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.