Elbit Systems Ltd. $ESLT Stock Holdings Decreased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 35.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,944 shares of the aerospace company’s stock after selling 8,379 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Elbit Systems were worth $6,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Elbit Systems by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 46,715 shares of the aerospace company’s stock worth $20,998,000 after purchasing an additional 1,386 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of Elbit Systems by 6.1% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 1,750 shares of the aerospace company’s stock worth $779,000 after buying an additional 100 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Elbit Systems by 36.8% in the 2nd quarter. Bank of Montreal Can now owns 13,435 shares of the aerospace company’s stock worth $6,039,000 after buying an additional 3,617 shares during the last quarter. Simon Quick Advisors LLC grew its position in shares of Elbit Systems by 78.8% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,048 shares of the aerospace company’s stock valued at $471,000 after buying an additional 462 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in shares of Elbit Systems during the 2nd quarter valued at about $236,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ESLT shares. Bank of America lifted their target price on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Elbit Systems in a research report on Wednesday, October 8th. Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. started coverage on shares of Elbit Systems in a research report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $530.00.

Elbit Systems Stock Performance

ESLT stock opened at $483.13 on Thursday. The company has a 50-day simple moving average of $493.06 and a 200 day simple moving average of $455.34. The company has a market capitalization of $21.48 billion, a P/E ratio of 54.84, a PEG ratio of 1.74 and a beta of 0.30. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a fifty-two week low of $234.48 and a fifty-two week high of $529.99.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.66. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm posted $2.08 earnings per share. Sell-side analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.