Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,624 shares of the aerospace company's stock after selling 13,359 shares during the quarter. Deutsche Bank AG owned about 0.16% of Elbit Systems worth $18,742,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Elbit Systems by 7.3% during the fourth quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock worth $255,000 after buying an additional 67 shares during the period. Prestige Wealth Management Group LLC boosted its stake in shares of Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after purchasing an additional 75 shares during the period. Hurley Capital LLC bought a new position in Elbit Systems during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its position in Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after purchasing an additional 106 shares during the period. Finally, Signaturefd LLC lifted its stake in Elbit Systems by 10.2% in the fourth 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 last quarter. Institutional investors own 17.88% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT traded up $6.80 during midday trading on Tuesday, reaching $412.20. The company had a trading volume of 62,019 shares, compared to its average volume of 45,712. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $426.40. The business's 50-day simple moving average is $392.41 and its 200 day simple moving average is $318.20. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $18.32 billion, a P/E ratio of 70.61 and a beta of 0.31.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.51. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. During the same quarter in the prior year, the company earned $1.81 EPS. On average, analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.58%. Elbit Systems's dividend payout ratio is 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.