1,354 Shares of Elbit Systems Ltd. $ESLT Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,354 shares of the aerospace company’s stock, valued at approximately $923,000.

Several other institutional investors have also modified their holdings of ESLT. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Elbit Systems by 206.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 269,599 shares of the aerospace company’s stock valued at $228,914,000 after purchasing an additional 181,524 shares during the last quarter. Jennison Associates LLC acquired a new stake in Elbit Systems during the 1st quarter valued at approximately $128,135,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Elbit Systems by 4.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,619,783 shares of the aerospace company’s stock worth $1,351,958,000 after purchasing an additional 69,165 shares during the last quarter. Swiss National Bank increased its holdings in Elbit Systems by 27.7% during the 1st quarter. Swiss National Bank now owns 102,740 shares of the aerospace company’s stock worth $85,619,000 after purchasing an additional 22,315 shares during the last quarter. Finally, Amundi raised its position in shares of Elbit Systems by 43.2% in the 1st quarter. Amundi now owns 22,319 shares of the aerospace company’s stock valued at $18,951,000 after purchasing an additional 6,728 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $682.59 on Monday. The company’s fifty day moving average is $721.87 and its two-hundred day moving average is $783.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.39. Elbit Systems Ltd. has a 1-year low of $453.00 and a 1-year high of $1,016.06. The stock has a market capitalization of $30.34 billion, a price-to-earnings ratio of 51.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.09.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.69 by $0.45. Elbit Systems had a net margin of 7.44% and a return on equity of 16.66%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Equities analysts anticipate that Elbit Systems Ltd. will post 16.02 EPS for the current year.

Analyst Ratings Changes

ESLT has been the subject of several research analyst reports. Morgan Stanley set a $850.00 target price on Elbit Systems in a research note on Friday, October 16th. JPMorgan Chase & Co. dropped their price target on shares of Elbit Systems from $950.00 to $885.00 and set a “neutral” rating for the company in a research note on Wednesday, August 19th. Weiss Ratings raised shares of Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Jefferies Financial Group cut their price target on shares of Elbit Systems from $880.00 to $790.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Five research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $841.67.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense technology company headquartered in Haifa. Founded in 1966, it develops and supplies electronic systems and related services for military and security customers.

Its products include aircraft and helicopter systems, unmanned aircraft, electro-optical equipment, communications and command-and-control systems, electronic warfare and intelligence solutions, and land and naval systems. The company also provides training and simulation, maintenance, and modernization services.

Elbit Systems serves customers in Israel and internationally, with operations and subsidiaries in multiple countries.