Fort Sheridan Advisors LLC Invests $491,000 in Elbit Systems Ltd. $ESLT

Fort Sheridan Advisors LLC acquired a new position in Elbit Systems Ltd. (NASDAQ:ESLT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 850 shares of the aerospace company’s stock, valued at approximately $491,000.

A number of other hedge funds have also recently made changes to their positions in the business. Flputnam Investment Management Co. bought a new position in shares of Elbit Systems in the fourth quarter worth about $226,000. Cary Street Partners Financial LLC purchased a new position in Elbit Systems during the 4th quarter valued at approximately $444,000. Legal & General Group Plc increased its stake in Elbit Systems by 6.9% in the 4th quarter. Legal & General Group Plc now owns 119,538 shares of the aerospace company’s stock worth $68,865,000 after acquiring an additional 7,666 shares during the last quarter. Plan A Wealth LLC purchased a new stake in shares of Elbit Systems during the 4th quarter worth approximately $218,000. Finally, Leonteq Securities AG purchased a new stake in shares of Elbit Systems during the 4th quarter worth approximately $68,000. Institutional investors own 17.88% of the company’s stock.

Analyst Ratings Changes

ESLT has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $950.00 price objective on shares of Elbit Systems in a report on Wednesday. Finally, Zacks Research raised Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Elbit Systems has an average rating of “Moderate Buy” and a consensus price target of $742.75.

Insider Transactions at Elbit Systems

In other news, CEO Bezhalel Machlis sold 25,514 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $22,641,123.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ran Kril sold 6,803 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,036,982.20. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 69,736 shares of company stock valued at $61,883,726. Company insiders own 0.84% of the company’s stock.

Elbit Systems Price Performance

NASDAQ:ESLT opened at $880.89 on Friday. The firm has a market capitalization of $39.16 billion, a price-to-earnings ratio of 71.33, a PEG ratio of 3.71 and a beta of 0.14. Elbit Systems Ltd. has a 1 year low of $394.00 and a 1 year high of $1,016.06. The business has a 50 day simple moving average of $852.20 and a 200-day simple moving average of $719.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.77.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.89. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Equities analysts forecast that Elbit Systems Ltd. will post 15.6 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 23rd. Elbit Systems’s dividend payout ratio is presently 29.31%.

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.