Quantbot Technologies LP Decreases Stock Holdings in Elbit Systems Ltd. $ESLT

Quantbot Technologies LP lowered its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 33.8% in the third quarter, HoldingsChannel.com reports. The firm owned 11,025 shares of the aerospace company’s stock after selling 5,630 shares during the quarter. Quantbot Technologies LP’s holdings in Elbit Systems were worth $5,621,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Elbit Systems by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 984,861 shares of the aerospace company’s stock worth $501,042,000 after buying an additional 45,073 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Elbit Systems by 35.1% during the 2nd quarter. Y.D. More Investments Ltd now owns 610,977 shares of the aerospace company’s stock worth $271,438,000 after acquiring an additional 158,689 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Elbit Systems by 27.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 471,839 shares of the aerospace company’s stock worth $210,967,000 after purchasing an additional 101,083 shares during the last quarter. Invesco Ltd. lifted its stake in Elbit Systems by 2.5% during the second quarter. Invesco Ltd. now owns 337,292 shares of the aerospace company’s stock worth $151,613,000 after purchasing an additional 8,310 shares during the last quarter. Finally, Heard Capital LLC boosted its holdings in Elbit Systems by 1.4% in the second quarter. Heard Capital LLC now owns 195,398 shares of the aerospace company’s stock valued at $87,831,000 after purchasing an additional 2,627 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

NASDAQ ESLT opened at $769.04 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 52-week low of $303.06 and a 52-week high of $775.99. The business’s 50-day moving average price is $679.62 and its 200 day moving average price is $555.39. The firm has a market cap of $34.18 billion, a P/E ratio of 78.15, a P/E/G ratio of 2.33 and a beta of 0.22.

Analysts Set New Price Targets

A number of analysts have weighed in on ESLT shares. JPMorgan Chase & Co. raised their price objective on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Morgan Stanley assumed 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 target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.