Whittier Trust Co. continued to hold its position in Elbit Systems Ltd. (NASDAQ:ESLT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Elbit Systems were worth $109,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Department MB Financial Bank N A bought a new stake in Elbit Systems during the second quarter valued at about $258,000. Royal Bank of Canada raised its stake in Elbit Systems by 7.0% in the first quarter. Royal Bank of Canada now owns 3,654 shares of the company’s stock valued at $342,000 after buying an additional 239 shares in the last quarter. BB&T Securities LLC bought a new stake in Elbit Systems during the first quarter valued at about $697,000. Eqis Capital Management Inc. raised its stake in Elbit Systems by 16.7% in the second quarter. Eqis Capital Management Inc. now owns 9,097 shares of the company’s stock valued at $827,000 after buying an additional 1,304 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in Elbit Systems during the second quarter valued at about $958,000. Institutional investors and hedge funds own 5.96% of the company’s stock.
Elbit Systems Ltd. (NASDAQ:ESLT) traded up 2.10% during mid-day trading on Tuesday, reaching $97.78. 12,852 shares of the company’s stock traded hands. The firm has a market cap of $4.18 billion, a PE ratio of 19.07 and a beta of 0.74. Elbit Systems Ltd. has a 1-year low of $77.71 and a 1-year high of $103.28. The firm has a 50 day moving average of $95.63 and a 200 day moving average of $96.23.
Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $1.47 EPS for the quarter. The business had revenue of $804.50 million for the quarter, compared to analyst estimates of $749.50 million. Elbit Systems had a net margin of 6.90% and a return on equity of 17.62%. Analysts forecast that Elbit Systems Ltd. will post $4.28 EPS for the current year.
Separately, Standpoint Research assumed coverage on shares of Elbit Systems in a research report on Monday, August 1st. They issued an “accumulate” rating and a $115.00 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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