Blue Trust Inc. Sells 634 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Blue Trust Inc. decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 68.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286 shares of the aerospace company’s stock after selling 634 shares during the quarter. Blue Trust Inc.’s holdings in Elbit Systems were worth $74,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Elbit Systems by 99.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company’s stock worth $678,000 after purchasing an additional 1,690 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Elbit Systems by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after purchasing an additional 18,614 shares during the last quarter. Stifel Financial Corp raised its holdings in Elbit Systems by 50.3% during the 3rd quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company’s stock worth $2,107,000 after purchasing an additional 3,524 shares during the last quarter. Systematic Financial Management LP raised its holdings in Elbit Systems by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its position in shares of Elbit Systems by 41.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after buying an additional 98,440 shares during the period. Institutional investors own 17.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $295.42 on Monday. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 50.50 and a beta of 0.53. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $313.89. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $285.20 and a 200-day moving average of $240.53.

About Elbit Systems

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.