Bank of New York Mellon Corp Purchases 2,317 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Bank of New York Mellon Corp increased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,789 shares of the aerospace company’s stock after purchasing an additional 2,317 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Elbit Systems worth $11,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Elbit Systems in the 4th quarter worth approximately $41,000. Coastline Trust Co purchased a new stake in Elbit Systems in the third quarter worth $34,000. Morse Asset Management Inc bought a new stake in Elbit Systems in the third quarter valued at $40,000. Wilmington Savings Fund Society FSB bought a new stake in Elbit Systems in the third quarter valued at $63,000. Finally, Avior Wealth Management LLC increased its position in Elbit Systems by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Elbit Systems Stock Performance

Shares of ESLT opened at $360.59 on Friday. The company has a 50-day simple moving average of $303.89 and a two-hundred day simple moving average of $252.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The firm has a market capitalization of $16.03 billion, a PE ratio of 61.64 and a beta of 0.53. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $361.75.

Elbit Systems Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.