Elbit Systems Ltd. (ESLT) Stake Lowered by Sensato Investors LLC
Sensato Investors LLC decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 33.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,362 shares of the aerospace company’s stock after selling 5,740 shares during the quarter. Sensato Investors LLC’s holdings in Elbit Systems were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Elbit Systems by 31.9% during the second quarter. FMR LLC now owns 1,671,496 shares of the aerospace company’s stock valued at $206,581,000 after purchasing an additional 404,369 shares during the period. Vanguard Group Inc. lifted its position in Elbit Systems by 6.5% during the second quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock valued at $65,202,000 after purchasing an additional 32,258 shares during the period. TimesSquare Capital Management LLC bought a new position in Elbit Systems during the first quarter valued at approximately $27,390,000. Renaissance Technologies LLC lifted its position in Elbit Systems by 5.6% during the first quarter. Renaissance Technologies LLC now owns 199,235 shares of the aerospace company’s stock valued at $22,643,000 after purchasing an additional 10,500 shares during the period. Finally, Bank of America Corp DE lifted its position in Elbit Systems by 1.6% during the first quarter. Bank of America Corp DE now owns 133,446 shares of the aerospace company’s stock valued at $15,166,000 after purchasing an additional 2,048 shares during the period. Hedge funds and other institutional investors own 11.13% of the company’s stock.
A number of research analysts recently weighed in on ESLT shares. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th.
Shares of Elbit Systems Ltd. (ESLT) traded down 0.56% on Thursday, reaching $149.05. 13,960 shares of the company were exchanged. The firm’s 50 day moving average price is $140.26 and its 200 day moving average price is $126.33. Elbit Systems Ltd. has a 52 week low of $94.91 and a 52 week high of $150.99. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 26.71 and a beta of 0.61.
Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share for the quarter. The company had revenue of $818.30 million for the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. Equities research analysts anticipate that Elbit Systems Ltd. will post $6.27 EPS for the current year.
The business also recently announced a dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, September 1st were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, August 30th. This is an increase from Elbit Systems’s previous dividend of $0.37. Elbit Systems’s payout ratio is currently 31.54%.
Elbit Systems Company Profile
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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