Citigroup Inc. Has $25.53 Million Stock Holdings in Elbit Systems Ltd. $ESLT

Citigroup Inc. increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,299 shares of the aerospace company’s stock after acquiring an additional 2,156 shares during the quarter. Citigroup Inc. owned about 0.11% of Elbit Systems worth $25,534,000 at the end of the most recent reporting period.

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

Elbit Systems Trading Down 0.8%

Shares of Elbit Systems stock opened at $755.52 on Thursday. The stock has a fifty day moving average price of $670.84 and a 200-day moving average price of $550.83. 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 cap of $33.58 billion, a PE ratio of 76.78, a P/E/G ratio of 2.31 and a beta of 0.22. Elbit Systems Ltd. has a 1 year low of $299.00 and a 1 year high of $775.99.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ESLT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Morgan Stanley assumed coverage on Elbit Systems in a report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Elbit Systems presently has an average rating of “Hold” and a consensus target price 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.