Elbit Systems Ltd. (ESLT) Position Decreased by Bank of New York Mellon Corp
Bank of New York Mellon Corp cut its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,528 shares of the aerospace company’s stock after selling 3,626 shares during the quarter. Bank of New York Mellon Corp owned about 0.12% of Elbit Systems worth $6,376,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG lifted its holdings in Elbit Systems by 138.9% during the 1st quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock valued at $206,000 after purchasing an additional 1,056 shares during the last quarter. US Bancorp DE raised its position in shares of Elbit Systems by 45.2% in the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 571 shares during the period. Wetherby Asset Management Inc. lifted its stake in shares of Elbit Systems by 2.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 1,928 shares of the aerospace company’s stock worth $238,000 after buying an additional 41 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Elbit Systems during the 1st quarter worth about $269,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Elbit Systems by 7.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,480 shares of the aerospace company’s stock worth $398,000 after buying an additional 230 shares during the last quarter. Institutional investors and hedge funds own 11.13% of the company’s stock.
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Shares of Elbit Systems Ltd. (NASDAQ ESLT) opened at 147.08 on Monday. Elbit Systems Ltd. has a 1-year low of $94.28 and a 1-year high of $147.32. The company has a market capitalization of $6.29 billion, a P/E ratio of 26.36 and a beta of 0.61. The company has a 50-day moving average price of $134.70 and a 200 day moving average price of $124.28.
Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share for the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. The firm had revenue of $818.30 million during the quarter. Equities research analysts anticipate that Elbit Systems Ltd. will post $6.27 EPS for the current year.
The business also recently declared a dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were issued a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from Elbit Systems’s previous dividend of $0.37. Elbit Systems’s payout ratio is 31.54%.
Several analysts recently commented on the stock. BidaskClub downgraded shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th.
Elbit Systems Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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