Elbit Systems Ltd. (ESLT) Stake Boosted by Morgan Stanley

Morgan Stanley raised its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,104 shares of the aerospace company’s stock after buying an additional 3,933 shares during the period. Morgan Stanley owned approximately 0.06% of Elbit Systems worth $2,739,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ESLT. Mitchell Capital Management Co. increased its position in shares of Elbit Systems by 1.2% in the first quarter. Mitchell Capital Management Co. now owns 2,252 shares of the aerospace company’s stock worth $256,000 after buying an additional 27 shares in the last quarter. World Asset Management Inc increased its position in shares of Elbit Systems by 1.6% in the first quarter. World Asset Management Inc now owns 2,660 shares of the aerospace company’s stock worth $302,000 after buying an additional 42 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Elbit Systems by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the aerospace company’s stock worth $511,000 after buying an additional 181 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Elbit Systems by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 23,183 shares of the aerospace company’s stock worth $2,636,000 after buying an additional 365 shares in the last quarter. Finally, Creative Planning increased its position in shares of Elbit Systems by 66.7% in the first quarter. Creative Planning now owns 1,000 shares of the aerospace company’s stock worth $114,000 after buying an additional 400 shares in the last quarter. Institutional investors own 10.79% of the company’s stock.

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) traded up 0.02% during trading on Wednesday, reaching $136.18. The company’s stock had a trading volume of 3,643 shares. The company has a 50 day moving average price of $127.07 and a 200 day moving average price of $121.14. Elbit Systems Ltd. has a 52 week low of $91.20 and a 52 week high of $136.18. The firm has a market capitalization of $5.82 billion, a P/E ratio of 24.41 and a beta of 0.62.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, August 15th. The aerospace company reported $1.61 EPS for the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. The business had revenue of $818.30 million for the quarter. On average, equities research analysts expect that Elbit Systems Ltd. will post $6.27 EPS for the current fiscal year.

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A number of equities analysts have issued reports on the company. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Chardan Capital assumed coverage on Elbit Systems in a research report on Friday, May 5th. They set a “neutral” rating and a $110.00 price target on the stock.

About Elbit Systems

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.

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