Public Sector Pension Investment Board Purchases 2,206 Shares of Elbit Systems Ltd. $ESLT

Public Sector Pension Investment Board raised its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,728 shares of the aerospace company’s stock after purchasing an additional 2,206 shares during the quarter. Public Sector Pension Investment Board’s holdings in Elbit Systems were worth $8,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Assetmark Inc. boosted its holdings in Elbit Systems by 11.2% in the 2nd quarter. Assetmark Inc. now owns 209 shares of the aerospace company’s stock worth $94,000 after buying an additional 21 shares during the period. SteelPeak Wealth LLC raised its holdings in Elbit Systems by 1.1% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 21 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Elbit Systems by 2.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,193 shares of the aerospace company’s stock worth $608,000 after acquiring an additional 29 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Elbit Systems by 20.9% in the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after acquiring an additional 32 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Elbit Systems by 24.4% in the third quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of ESLT opened at $676.43 on Tuesday. Elbit Systems Ltd. has a 12-month low of $294.99 and a 12-month high of $740.67. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a market cap of $30.07 billion, a PE ratio of 68.74, a price-to-earnings-growth ratio of 2.05 and a beta of 0.22. The stock has a 50-day moving average price of $640.49 and a 200-day moving average price of $538.66.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.60. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Elbit Systems had a net margin of 5.91% and a return on equity of 15.04%. As a group, equities analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ESLT has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price target on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Morgan Stanley started coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective for the company. Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $550.33.

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.