Elbit Systems Ltd. $ESLT Shares Acquired by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. boosted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 296.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,970 shares of the aerospace company’s stock after acquiring an additional 5,210 shares during the quarter. Elbit Systems comprises about 0.7% of Pinpoint Asset Management Singapore Pte. Ltd.’s investment portfolio, making the stock its 25th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Elbit Systems were worth $3,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ESLT. Vanguard Group Inc. boosted its holdings in shares of Elbit Systems by 4.8% in the third quarter. Vanguard Group Inc. now owns 984,861 shares of the aerospace company’s stock worth $501,042,000 after buying an additional 45,073 shares during the period. Y.D. More Investments Ltd increased its holdings 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 worth $271,438,000 after buying an additional 158,689 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Elbit Systems by 27.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 471,839 shares of the aerospace company’s stock valued at $210,967,000 after acquiring an additional 101,083 shares in the last quarter. Invesco Ltd. lifted its position in shares of Elbit Systems by 2.5% in the second quarter. Invesco Ltd. now owns 337,292 shares of the aerospace company’s stock worth $151,613,000 after buying an additional 8,310 shares during the last quarter. Finally, Heard Capital LLC boosted its position in Elbit Systems by 1.4% during the second quarter. Heard Capital LLC now owns 195,398 shares of the aerospace company’s stock worth $87,831,000 after purchasing an additional 2,627 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of NASDAQ:ESLT opened at $936.14 on Monday. The business’s fifty day moving average price is $709.06 and its two-hundred day moving average price is $570.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76. Elbit Systems Ltd. has a fifty-two week low of $343.00 and a fifty-two week high of $960.00. The stock has a market capitalization of $41.62 billion, a price-to-earnings ratio of 95.14, a price-to-earnings-growth ratio of 2.84 and a beta of 0.22.

Analyst Ratings Changes

Several analysts recently issued reports on ESLT shares. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Morgan Stanley assumed coverage on Elbit Systems in a research report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $550.33.

About Elbit Systems

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.