Fmr LLC Has $206.58 Million Stake in Elbit Systems Ltd. (ESLT)
Fmr LLC increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 31.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,671,496 shares of the aerospace company’s stock after buying an additional 404,369 shares during the quarter. Fmr LLC owned approximately 3.91% of Elbit Systems worth $206,581,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Elbit Systems by 184.1% in the first quarter. Russell Investments Group Ltd. now owns 8,799 shares of the aerospace company’s stock valued at $1,005,000 after buying an additional 5,702 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Elbit Systems by 403.6% during the first quarter. Wells Fargo & Company MN now owns 16,935 shares of the aerospace company’s stock worth $1,925,000 after buying an additional 13,572 shares during the last quarter. US Bancorp DE increased its holdings in Elbit Systems by 45.2% during the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock worth $208,000 after buying an additional 571 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Elbit Systems by 15.5% during the first quarter. Bank of New York Mellon Corp now owns 55,154 shares of the aerospace company’s stock worth $6,268,000 after buying an additional 7,417 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Elbit Systems by 86.5% during the first quarter. Parametric Portfolio Associates LLC now owns 30,703 shares of the aerospace company’s stock worth $3,489,000 after buying an additional 14,236 shares during the last quarter. 11.13% of the stock is owned by institutional investors.
Shares of Elbit Systems Ltd. (ESLT) opened at 147.83 on Tuesday. Elbit Systems Ltd. has a one year low of $94.66 and a one year high of $148.06. The stock has a 50 day moving average of $139.18 and a 200-day moving average of $125.95. The company has a market capitalization of $6.32 billion, a PE ratio of 26.49 and a beta of 0.61.
Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, August 15th. The aerospace company reported $1.61 EPS for the quarter. Elbit Systems had a return on equity of 16.38% and a net margin of 7.23%. The business had revenue of $818.30 million during the quarter. On average, equities analysts forecast that Elbit Systems Ltd. will post $6.27 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, September 1st were issued a dividend of $0.44 per share. This is an increase from Elbit Systems’s previous dividend of $0.37. The ex-dividend date of this dividend was Wednesday, August 30th. Elbit Systems’s payout ratio is currently 31.54%.
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Several research firms have issued reports on ESLT. BidaskClub lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th.
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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