Fort Sheridan Advisors LLC Makes New Investment in Elbit Systems Ltd. $ESLT

Fort Sheridan Advisors LLC acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 850 shares of the aerospace company’s stock, valued at approximately $491,000.

Other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC purchased a new position in shares of Elbit Systems in the 4th quarter valued at $26,000. Leonteq Securities AG purchased a new position in shares of Elbit Systems in the 4th quarter valued at $68,000. Wexford Capital LP purchased a new position in shares of Elbit Systems in the 3rd quarter valued at $63,000. Montag A & Associates Inc. increased its holdings in shares of Elbit Systems by 27.8% in the 3rd quarter. Montag A & Associates Inc. now owns 193 shares of the aerospace company’s stock valued at $98,000 after acquiring an additional 42 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Elbit Systems by 24.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock valued at $97,000 after acquiring an additional 38 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Elbit Systems

In other Elbit Systems news, EVP Jonathan Ariel sold 7,654 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $6,792,159.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bezhalel Machlis sold 25,514 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $22,641,123.60. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,736 shares of company stock worth $61,883,726 in the last quarter. 0.84% of the stock is owned by insiders.

Elbit Systems Stock Down 1.3%

Elbit Systems stock opened at $880.89 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.77. The stock has a market capitalization of $39.16 billion, a price-to-earnings ratio of 71.33, a PEG ratio of 3.71 and a beta of 0.14. Elbit Systems Ltd. has a 1-year low of $394.00 and a 1-year high of $1,016.06. The business has a fifty day moving average price of $852.20 and a 200-day moving average price of $719.73.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. Equities research analysts forecast that Elbit Systems Ltd. will post 15.6 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. Elbit Systems’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ESLT. Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $950.00 price target on shares of Elbit Systems in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $742.75.

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.