Credit Suisse AG raised its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 16,071 shares of the aerospace company’s stock after buying an additional 2 shares during the period. Credit Suisse AG’s holdings in Elbit Systems were worth $1,827,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Elbit Systems by 84.1% in the first quarter. JPMorgan Chase & Co. now owns 39,979 shares of the aerospace company’s stock valued at $4,544,000 after buying an additional 18,258 shares during the period. Russell Investments Group Ltd. acquired a new position in Elbit Systems during the fourth quarter valued at $314,000. Bartlett & Co. LLC acquired a new position in Elbit Systems during the first quarter valued at $114,000. FMR LLC boosted its position in Elbit Systems by 63.3% in the first quarter. FMR LLC now owns 1,267,127 shares of the aerospace company’s stock valued at $144,347,000 after buying an additional 491,263 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Elbit Systems by 12.8% in the first quarter. Advisors Asset Management Inc. now owns 27,224 shares of the aerospace company’s stock valued at $3,094,000 after buying an additional 3,097 shares during the period. Institutional investors and hedge funds own 10.85% of the company’s stock.
Elbit Systems Ltd. (ESLT) traded down 0.12% during trading on Friday, hitting $127.06. The stock had a trading volume of 9,593 shares. The stock has a 50 day moving average of $125.57 and a 200 day moving average of $119.81. Elbit Systems Ltd. has a one year low of $91.20 and a one year high of $132.54. The firm has a market capitalization of $5.43 billion, a P/E ratio of 23.59 and a beta of 0.62.
Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, May 16th. The aerospace company reported $1.21 EPS for the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. The business had revenue of $749.19 million during the quarter. Equities research analysts expect that Elbit Systems Ltd. will post $6.20 earnings per share for the current fiscal year.
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ESLT has been the topic of several recent analyst reports. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Chardan Capital initiated coverage on Elbit Systems in a report on Friday, May 5th. They set a “neutral” rating and a $110.00 price objective on the stock.
About Elbit Systems
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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