OMERS ADMINISTRATION Corp Invests $764,000 in Elbit Systems Ltd. $ESLT

OMERS ADMINISTRATION Corp bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,700 shares of the aerospace company’s stock, valued at approximately $764,000.

Several other hedge funds have also bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Elbit Systems by 0.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,357,148 shares of the aerospace company’s stock worth $520,189,000 after buying an additional 4,248 shares during the last quarter. Vanguard Group Inc. grew its position in Elbit Systems by 1.8% in the first quarter. Vanguard Group Inc. now owns 889,904 shares of the aerospace company’s stock worth $341,276,000 after acquiring an additional 15,552 shares in the last quarter. Y.D. More Investments Ltd increased its stake in Elbit Systems by 35.1% in the second quarter. Y.D. More Investments Ltd now owns 610,977 shares of the aerospace company’s stock valued at $271,438,000 after acquiring an additional 158,689 shares during the last quarter. Meitav Investment House Ltd. raised its position in Elbit Systems by 27.7% during the second quarter. Meitav Investment House Ltd. now owns 378,223 shares of the aerospace company’s stock valued at $168,600,000 after purchasing an additional 82,103 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Elbit Systems by 226.6% during the second quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock worth $87,006,000 after purchasing an additional 134,300 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $480.33 on Thursday. The company has a market capitalization of $21.35 billion, a P/E ratio of 48.81, a PEG ratio of 1.60 and a beta of 0.24. Elbit Systems Ltd. has a fifty-two week low of $243.51 and a fifty-two week high of $529.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. The stock has a 50 day moving average price of $487.16 and a two-hundred day moving average price of $463.45.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.99 billion. Analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be given a $0.75 dividend. The ex-dividend date is Monday, December 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. Elbit Systems’s payout ratio is presently 22.87%.

Wall Street Analysts Forecast Growth

ESLT has been the topic of several recent research reports. Bank of America increased their price objective on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday. JPMorgan Chase & Co. started coverage on shares of Elbit Systems in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $520.00 price objective for the company. Finally, Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Elbit Systems has an average rating of “Moderate Buy” and a consensus price target of $530.00.

Elbit Systems Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.