Quantinno Capital Management LP Has $2.63 Million Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Quantinno Capital Management LP grew its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,105 shares of the aerospace company’s stock after buying an additional 1,749 shares during the quarter. Quantinno Capital Management LP’s holdings in Elbit Systems were worth $2,629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ESLT. Nuveen Asset Management LLC raised its position in Elbit Systems by 4.2% in the 4th quarter. Nuveen Asset Management LLC now owns 71,799 shares of the aerospace company’s stock valued at $18,779,000 after purchasing an additional 2,892 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Elbit Systems by 26.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,474 shares of the aerospace company’s stock valued at $16,340,000 after buying an additional 12,891 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in Elbit Systems by 2.9% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock worth $540,000 after buying an additional 60 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Elbit Systems during the 4th quarter worth about $229,000. Finally, PDT Partners LLC increased its position in Elbit Systems by 31.4% in the 4th quarter. PDT Partners LLC now owns 7,504 shares of the aerospace company’s stock valued at $1,937,000 after acquiring an additional 1,795 shares in the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Trading Up 0.4%

ESLT opened at $406.84 on Wednesday. The firm has a 50 day simple moving average of $393.33 and a 200 day simple moving average of $318.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $426.40. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 69.55 and a beta of 0.31.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.27. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.69 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. During the same period in the previous year, the company earned $1.81 EPS. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.59%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, April 22nd. Elbit Systems’s dividend payout ratio is presently 27.72%.

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.