Caisse DE Depot ET Placement DU Quebec grew its position in shares of Elbit Systems (NASDAQ:ESLT) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,293 shares of the aerospace company’s stock after purchasing an additional 2,115 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Elbit Systems were worth $1,379,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ESLT. Dimensional Fund Advisors LP boosted its position in shares of Elbit Systems by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,766 shares of the aerospace company’s stock worth $1,209,000 after acquiring an additional 108 shares during the last quarter. Cannell Peter B & Co. Inc. raised its stake in shares of Elbit Systems by 6.7% during the third quarter. Cannell Peter B & Co. Inc. now owns 6,355 shares of the aerospace company’s stock valued at $935,000 after purchasing an additional 400 shares during the period. Geode Capital Management LLC raised its stake in shares of Elbit Systems by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 27,585 shares of the aerospace company’s stock valued at $3,676,000 after purchasing an additional 456 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Elbit Systems by 2.3% during the third quarter. Envestnet Asset Management Inc. now owns 23,695 shares of the aerospace company’s stock valued at $3,485,000 after purchasing an additional 540 shares during the period. Finally, Mitchell Capital Management Co. raised its stake in shares of Elbit Systems by 35.5% during the fourth quarter. Mitchell Capital Management Co. now owns 2,515 shares of the aerospace company’s stock valued at $335,000 after purchasing an additional 659 shares during the period. 11.79% of the stock is currently owned by institutional investors.
Shares of ESLT traded down $2.91 during midday trading on Friday, hitting $116.64. 42,986 shares of the stock traded hands, compared to its average volume of 48,073. Elbit Systems has a 1-year low of $112.93 and a 1-year high of $153.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.82 and a current ratio of 1.25. The company has a market cap of $5,130.38, a price-to-earnings ratio of 18.20 and a beta of 0.87.
Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $2.01 earnings per share for the quarter. Elbit Systems had a net margin of 7.08% and a return on equity of 16.45%. The business had revenue of $1.01 billion for the quarter. analysts predict that Elbit Systems will post 7.16 EPS for the current year.
ESLT has been the subject of a number of recent analyst reports. ValuEngine raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Elbit Systems from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, BidaskClub downgraded shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $143.00.
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Elbit Systems Company Profile
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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