1,617 Shares in Elbit Systems Ltd. $ESLT Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 1,617 shares of the aerospace company’s stock, valued at approximately $824,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Elbit Systems by 98.9% during the first 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 stake in Elbit Systems during the 1st quarter worth approximately $353,000. NewEdge Advisors LLC grew its stake in shares of Elbit Systems by 3,461.1% in the first 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. increased its position in shares of Elbit Systems by 33.7% during the first 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Elbit Systems by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock worth $6,339,000 after acquiring an additional 1,191 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Down 2.7%

ESLT stock opened at $702.57 on Friday. The stock has a market cap of $31.23 billion, a P/E ratio of 71.40, a PEG ratio of 2.19 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 twelve month low of $294.99 and a twelve month high of $740.67. The company’s 50 day moving average is $594.84 and its two-hundred day moving average is $520.09.

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

Elbit Systems Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on ESLT. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. boosted their price objective on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Morgan Stanley initiated coverage on shares of Elbit Systems in a report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price target for the company. 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $550.33.

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.