Elbit Systems Ltd (NASDAQ:ESLT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its stake in Elbit Systems Ltd (NASDAQ:ESLT) by 46.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,141 shares of the aerospace company’s stock after selling 12,297 shares during the period. Jane Street Group LLC’s holdings in Elbit Systems were worth $1,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sowell Financial Services LLC raised its holdings in Elbit Systems by 1,480.0% during the first quarter. Sowell Financial Services LLC now owns 316 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 296 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Elbit Systems by 43.1% in the 2nd quarter. Parallel Advisors LLC now owns 402 shares of the aerospace company’s stock worth $55,000 after buying an additional 121 shares in the last quarter. CWM Advisors LLC acquired a new stake in Elbit Systems in the 1st quarter valued at about $68,000. Signaturefd LLC grew its stake in Elbit Systems by 65.9% in the 2nd quarter. Signaturefd LLC now owns 569 shares of the aerospace company’s stock valued at $78,000 after acquiring an additional 226 shares during the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new position in Elbit Systems during the 1st quarter valued at about $101,000. Hedge funds and other institutional investors own 8.75% of the company’s stock.

NASDAQ ESLT traded down $0.95 during trading hours on Wednesday, hitting $126.05. 300 shares of the company’s stock were exchanged, compared to its average volume of 25,456. The business’s 50 day moving average is $134.14 and its 200-day moving average is $133.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.28. Elbit Systems Ltd has a 12-month low of $110.00 and a 12-month high of $167.75. The firm has a market capitalization of $5.61 billion, a P/E ratio of 20.32 and a beta of 0.80.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Thursday, August 13th. The aerospace company reported $2.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.16. Elbit Systems had a net margin of 6.04% and a return on equity of 14.05%. As a group, equities research analysts anticipate that Elbit Systems Ltd will post 6.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.35.

ESLT has been the topic of several recent research reports. BidaskClub downgraded shares of Elbit Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. TheStreet raised Elbit Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 13th. Finally, Zacks Investment Research downgraded Elbit Systems from a “hold” rating to a “sell” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $166.50.

Elbit Systems Profile

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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

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