1,603 Shares in Elbit Systems Ltd. $ESLT Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,603 shares of the aerospace company’s stock, valued at approximately $1,361,000.

A number of other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Elbit Systems by 2.5% in the fourth quarter. Captrust Financial Advisors now owns 741 shares of the aerospace company’s stock valued at $428,000 after acquiring an additional 18 shares during the period. Cardinal Capital Management raised its position in Elbit Systems by 0.3% during the 4th quarter. Cardinal Capital Management now owns 7,889 shares of the aerospace company’s stock valued at $4,558,000 after purchasing an additional 20 shares during the last quarter. Arax Advisory Partners raised its position in Elbit Systems by 25.0% during the 4th quarter. Arax Advisory Partners now owns 150 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust lifted its holdings in Elbit Systems by 7.1% in the 4th quarter. Greenleaf Trust now owns 466 shares of the aerospace company’s stock worth $269,000 after buying an additional 31 shares during the period. Finally, Citizens Financial Group Inc. RI grew its position in shares of Elbit Systems by 2.7% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,471 shares of the aerospace company’s stock worth $851,000 after buying an additional 39 shares during the last quarter. Institutional investors own 17.88% of the company’s stock.

Insider Activity

In other Elbit Systems news, EVP Haim Daniel Delmar sold 7,654 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Ariel sold 7,654 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,736 shares of company stock worth $61,883,726. Company insiders own 0.84% of the company’s stock.

Elbit Systems Stock Performance

Shares of Elbit Systems stock opened at $803.26 on Friday. The stock has a market cap of $35.70 billion, a price-to-earnings ratio of 65.04, a PEG ratio of 3.41 and a beta of 0.17. The firm’s 50-day moving average is $805.94 and its 200 day moving average is $775.91. Elbit Systems Ltd. has a 1 year low of $422.84 and a 1 year high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86.

Elbit Systems (NASDAQ:ESLT) last released 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. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. Sell-side analysts anticipate that Elbit Systems Ltd. will post 15.3 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 23rd. Elbit Systems’s payout ratio is currently 26.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group cut their target price on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Elbit Systems presently has an average rating of “Hold” and a consensus target price of $725.25.

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.