Allianz Asset Management GmbH reduced its stake in Elbit Systems Ltd (NASDAQ:ESLT) by 35.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,665 shares of the aerospace company’s stock after selling 56,052 shares during the period. Allianz Asset Management GmbH owned approximately 0.24% of Elbit Systems worth $15,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ESLT. FMR LLC raised its holdings in Elbit Systems by 31.9% in the 2nd quarter. FMR LLC now owns 1,671,496 shares of the aerospace company’s stock valued at $206,581,000 after buying an additional 404,369 shares during the period. Rainier Investment Management LLC increased its stake in Elbit Systems by 467.8% during the second quarter. Rainier Investment Management LLC now owns 70,410 shares of the aerospace company’s stock worth $8,713,000 after purchasing an additional 58,010 shares during the period. Vanguard Group Inc. increased its stake in Elbit Systems by 6.5% during the second quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock worth $65,202,000 after purchasing an additional 32,258 shares during the period. Goldman Sachs Group Inc. increased its stake in Elbit Systems by 191.9% during the second quarter. Goldman Sachs Group Inc. now owns 29,112 shares of the aerospace company’s stock worth $3,602,000 after purchasing an additional 19,140 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Elbit Systems by 387.1% during the third quarter. Russell Investments Group Ltd. now owns 17,045 shares of the aerospace company’s stock worth $2,507,000 after purchasing an additional 13,546 shares during the period. Hedge funds and other institutional investors own 11.15% of the company’s stock.

Shares of Elbit Systems Ltd (NASDAQ ESLT) opened at $135.81 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.26. The stock has a market cap of $5,788.51, a PE ratio of 21.81 and a beta of 0.59. Elbit Systems Ltd has a one year low of $99.95 and a one year high of $153.13.

A number of analysts have issued reports on ESLT shares. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Standpoint Research lowered shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub lowered shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Elbit Systems has an average rating of “Hold” and an average price target of $143.00.

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Elbit Systems Company 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.

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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