Bank of New York Mellon Corp increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,789 shares of the aerospace company's stock after acquiring an additional 2,317 shares during the period. Bank of New York Mellon Corp owned approximately 0.10% of Elbit Systems worth $11,817,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in ESLT. Coastline Trust Co bought a new stake in shares of Elbit Systems in the 3rd quarter worth approximately $34,000. Morse Asset Management Inc bought a new position in shares of Elbit Systems in the third quarter valued at $40,000. Sierra Ocean LLC acquired a new stake in shares of Elbit Systems during the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Elbit Systems during the third quarter valued at $63,000. Finally, Avior Wealth Management LLC lifted its stake in Elbit Systems by 49.1% during the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock valued at $96,000 after buying an additional 158 shares in the last quarter. Institutional investors own 17.88% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Get Our Latest Analysis on Elbit Systems
Elbit Systems Stock Up 0.4 %
NASDAQ:ESLT traded up $1.52 during trading hours on Monday, hitting $369.26. 88,944 shares of the company's stock traded hands, compared to its average volume of 30,401. The stock's fifty day moving average price is $307.93 and its two-hundred day moving average price is $255.20. The firm has a market cap of $16.42 billion, a P/E ratio of 63.12 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $373.94.
Elbit Systems Company Profile
(
Free Report)
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.
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