Elbit Systems Ltd. $ESLT Holdings Lowered by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd reduced its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,153,569 shares of the aerospace company’s stock after selling 84,073 shares during the quarter. Elbit Systems accounts for 4.5% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 5th biggest holding. Clal Insurance Enterprises Holdings Ltd owned about 2.59% of Elbit Systems worth $585,541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Citizens Financial Group Inc. RI purchased a new position in Elbit Systems in the 3rd quarter valued at approximately $730,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Elbit Systems in the third quarter valued at $824,000. JPMorgan Chase & Co. raised its stake in shares of Elbit Systems by 226.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock worth $87,006,000 after buying an additional 134,300 shares during the last quarter. Invesco Ltd. boosted its position in shares of Elbit Systems by 2.5% in the 2nd quarter. Invesco Ltd. now owns 337,292 shares of the aerospace company’s stock worth $151,613,000 after buying an additional 8,310 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in shares of Elbit Systems by 180,000.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,801 shares of the aerospace company’s stock worth $918,000 after buying an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analysts Set New Price Targets

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

Elbit Systems Trading Up 0.5%

NASDAQ ESLT opened at $769.04 on Friday. The company has a market cap of $34.19 billion, a P/E ratio of 78.15, a P/E/G ratio of 2.32 and a beta of 0.22. Elbit Systems Ltd. has a 12 month low of $303.06 and a 12 month high of $775.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76. The company has a 50-day moving average of $679.62 and a 200-day moving average of $554.57.

About Elbit Systems

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.