2,828 Shares in Elbit Systems Ltd. $ESLT Purchased by Orser Capital Management LLC

by · The Markets Daily

Orser Capital Management LLC bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,828 shares of the aerospace company’s stock, valued at approximately $1,442,000.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in Elbit Systems by 23.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,889 shares of the aerospace company’s stock valued at $1,492,000 after purchasing an additional 749 shares during the last quarter. Korea Investment CORP raised its stake in Elbit Systems by 88.5% during the 1st quarter. Korea Investment CORP now owns 15,238 shares of the aerospace company’s stock valued at $5,826,000 after purchasing an additional 7,155 shares during the period. Quantbot Technologies LP purchased a new position in shares of Elbit Systems in the first quarter worth $794,000. Hsbc Holdings PLC boosted its stake in Elbit Systems by 40.4% during the first quarter. Hsbc Holdings PLC now owns 11,169 shares of the aerospace company’s stock valued at $4,260,000 after buying an additional 3,213 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Elbit Systems during the 1st quarter valued at approximately $77,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Elbit Systems in a research note on Monday. Wall Street Zen downgraded Elbit Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. JPMorgan Chase & Co. initiated coverage on shares of Elbit Systems in a research note on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price objective for the company. Morgan Stanley began coverage on shares of Elbit Systems in a report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price objective on the stock. Finally, Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $530.33.

Read Our Latest Report on Elbit Systems

Elbit Systems Stock Up 3.2%

Shares of NASDAQ ESLT opened at $539.71 on Thursday. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 54.85, a PEG ratio of 1.81 and a beta of 0.24. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $486.42 and its two-hundred day moving average is $471.28. Elbit Systems Ltd. has a 52-week low of $255.01 and a 52-week high of $551.29.

Elbit Systems (NASDAQ:ESLT – Get Free Report) last released its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. Research analysts predict that Elbit Systems Ltd. will post 8.05 EPS 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 dividend of $0.75 per share. The ex-dividend date is Monday, December 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. Elbit Systems’s dividend payout ratio is presently 25.41%.

Elbit Systems Company Profile

(Free Report)

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.

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