Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,559 shares of the aerospace company’s stock after acquiring an additional 426 shares during the quarter. Van ECK Associates Corp’s holdings in Elbit Systems were worth $2,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Elbit Systems during the fourth quarter worth about $590,000. Y.D. More Investments Ltd grew its position in Elbit Systems by 10.1% in the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock worth $117,520,000 after purchasing an additional 41,401 shares during the last quarter. Blue Trust Inc. grew its position in Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock worth $255,000 after purchasing an additional 67 shares during the last quarter. Clarius Group LLC bought a new position in Elbit Systems in the 4th quarter worth about $259,000. Finally, JPMorgan Chase & Co. grew its position in Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after purchasing an additional 18,614 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

NASDAQ ESLT opened at $300.30 on Friday. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $313.89. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 51.33 and a beta of 0.53. The company has a 50-day moving average price of $284.32 and a two-hundred day moving average price of $238.93.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

Elbit Systems Company Profile

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.