Nikko Asset Management Americas Inc. Lowers Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Nikko Asset Management Americas Inc. cut its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 15.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,127 shares of the aerospace company’s stock after selling 5,652 shares during the period. Nikko Asset Management Americas Inc. owned 0.07% of Elbit Systems worth $7,775,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after buying an additional 67 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Elbit Systems by 0.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock valued at $2,482,000 after buying an additional 92 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after buying an additional 106 shares during the period. Signaturefd LLC boosted its position in Elbit Systems by 10.2% during the 4th quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 115 shares during the period. Finally, State Street Corp boosted its position in Elbit Systems by 3.1% during the 3rd quarter. State Street Corp now owns 4,534 shares of the aerospace company’s stock worth $907,000 after purchasing an additional 136 shares during the period. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Stock Up 2.0 %

Shares of Elbit Systems stock opened at $367.74 on Monday. The company has a fifty day moving average price of $307.93 and a 200 day moving average price of $255.20. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $369.90. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 62.86 and a beta of 0.53.

Analyst Ratings Changes

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 Company 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.