Elbit Systems Ltd (ESLT) Shares Sold by Comerica Bank

Comerica Bank lessened its stake in Elbit Systems Ltd (NASDAQ:ESLT) by 20.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,154 shares of the aerospace company’s stock after selling 800 shares during the period. Comerica Bank’s holdings in Elbit Systems were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Wetherby Asset Management Inc. raised its position in Elbit Systems by 2.2% in the 2nd quarter. Wetherby Asset Management Inc. now owns 1,928 shares of the aerospace company’s stock worth $238,000 after purchasing an additional 41 shares during the last quarter. Parallel Advisors LLC raised its position in Elbit Systems by 6.8% in the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 55 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Elbit Systems by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,766 shares of the aerospace company’s stock worth $1,209,000 after purchasing an additional 108 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Elbit Systems by 4.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,687 shares of the aerospace company’s stock worth $580,000 after purchasing an additional 194 shares during the last quarter. Finally, US Bancorp DE raised its position in Elbit Systems by 13.4% in the 2nd quarter. US Bancorp DE now owns 2,080 shares of the aerospace company’s stock worth $257,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 11.15% of the company’s stock.

Shares of Elbit Systems Ltd (NASDAQ ESLT) opened at $137.34 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. Elbit Systems Ltd has a fifty-two week low of $99.95 and a fifty-two week high of $153.13. The company has a market cap of $5,930.00, a price-to-earnings ratio of 22.28 and a beta of 0.58.

A number of analysts have commented on ESLT shares. Zacks Investment Research raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 target price for the company in a report on Tuesday, October 17th. ValuEngine lowered shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Standpoint Research lowered shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $143.00.

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Elbit Systems Company Profile

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.

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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