Baader Bank Aktiengesellschaft Purchases Shares of 800 Elbit Systems Ltd. $ESLT

Baader Bank Aktiengesellschaft acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 800 shares of the aerospace company’s stock, valued at approximately $408,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Elbit Systems by 98.9% during the 1st quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock worth $946,000 after purchasing an additional 1,225 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Elbit Systems in the 1st quarter worth approximately $353,000. NewEdge Advisors LLC boosted its holdings in shares of Elbit Systems by 3,461.1% in the 1st quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock worth $246,000 after acquiring an additional 623 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Elbit Systems by 33.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock worth $51,837,000 after acquiring an additional 34,049 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Elbit Systems by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock valued at $6,339,000 after purchasing an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

ESLT has been the topic of several research analyst reports. Morgan Stanley began coverage on Elbit Systems in a report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price on the stock. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Elbit Systems presently has an average rating of “Hold” and an average target price of $550.33.

Elbit Systems Stock Performance

Elbit Systems stock opened at $677.27 on Friday. The company has a market cap of $29.56 billion, a PE ratio of 68.83, a PEG ratio of 2.02 and a beta of 0.22. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 1 year low of $294.99 and a 1 year high of $740.67. The company’s 50-day moving average is $632.83 and its two-hundred day moving average is $534.53.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, topping the consensus estimate of $2.75 by $0.60. Elbit Systems had a net margin of 5.91% and a return on equity of 15.04%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Equities analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 22nd were given a dividend of $0.75 per share. The ex-dividend date was Monday, December 22nd. This represents a $3.00 annualized dividend and a dividend yield of 0.4%. Elbit Systems’s payout ratio is presently 22.87%.

Elbit Systems 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.