Russell Investments Group Ltd. Buys 13,757 Shares of Elbit Systems Ltd. $ESLT

Russell Investments Group Ltd. grew its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 26.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,222 shares of the aerospace company’s stock after acquiring an additional 13,757 shares during the period. Russell Investments Group Ltd. owned 0.15% of Elbit Systems worth $33,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. USA Financial Formulas bought a new position in Elbit Systems in the third quarter worth approximately $26,000. Traub Capital Management LLC purchased a new stake in shares of Elbit Systems in the 2nd quarter worth $31,000. Financial Consulate Inc. bought a new position in shares of Elbit Systems during the 3rd quarter worth $60,000. Montag A & Associates Inc. purchased a new position in shares of Elbit Systems during the second quarter valued at $68,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after buying an additional 32 shares during the period. 17.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ESLT shares. JPMorgan Chase & Co. increased their target price 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 Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Finally, Morgan Stanley started coverage on Elbit Systems in a research report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $550.33.

Elbit Systems Trading Up 0.5%

Shares of NASDAQ:ESLT opened at $881.17 on Thursday. 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 firm has a market capitalization of $39.17 billion, a P/E ratio of 89.55, a P/E/G ratio of 2.66 and a beta of 0.22. The business’s 50-day moving average is $727.58 and its 200 day moving average is $578.78. Elbit Systems Ltd. has a 1 year low of $349.62 and a 1 year high of $960.00.

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.