Elbit Systems Ltd. $ESLT Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd trimmed its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,153,569 shares of the aerospace company’s stock after selling 84,073 shares during the quarter. Elbit Systems comprises 4.5% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 5th biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Elbit Systems were worth $585,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESLT. USA Financial Formulas purchased a new position in Elbit Systems in the third quarter valued at approximately $26,000. Traub Capital Management LLC purchased a new position in shares of Elbit Systems in the 2nd quarter valued at $31,000. Financial Consulate Inc. acquired a new stake in Elbit Systems in the 3rd quarter valued at $60,000. Montag A & Associates Inc. purchased a new position in Elbit Systems in the second quarter valued at about $68,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

ESLT stock opened at $769.04 on Friday. The stock’s 50 day simple moving average is $679.62 and its 200 day simple moving average is $554.57. Elbit Systems Ltd. has a 12-month low of $303.06 and a 12-month high of $775.99. The firm has a market cap of $34.19 billion, a P/E ratio of 78.15, a P/E/G ratio of 2.32 and a beta of 0.22. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ESLT. JPMorgan Chase & Co. raised their target price on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. 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 target for the company. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Elbit Systems has a consensus rating of “Hold” and a consensus target price 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.