PDT Partners LLC Increases Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

PDT Partners LLC grew its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,504 shares of the aerospace company's stock after buying an additional 1,795 shares during the period. PDT Partners LLC's holdings in Elbit Systems were worth $1,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Elbit Systems by 177.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock valued at $59,207,000 after acquiring an additional 145,324 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in Elbit Systems by 10.1% in the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock worth $117,520,000 after purchasing an additional 41,401 shares in the last quarter. Invesco Ltd. boosted its stake in Elbit Systems by 13.1% in the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock worth $87,294,000 after purchasing an additional 39,095 shares during the period. JPMorgan Chase & Co. grew 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 valued at $34,158,000 after buying an additional 18,614 shares in the last quarter. Finally, FIL Ltd bought a new stake in shares of Elbit Systems during the fourth quarter valued at approximately $4,616,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Elbit Systems Price Performance

NASDAQ:ESLT traded up $3.22 during trading hours on Monday, reaching $409.91. The stock had a trading volume of 87,871 shares, compared to its average volume of 41,876. The stock has a market capitalization of $18.22 billion, a PE ratio of 70.55 and a beta of 0.31. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $420.00. The company has a 50 day moving average price of $378.92 and a two-hundred day moving average price of $304.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.78 billion. As a group, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.59%. Elbit Systems's dividend payout ratio is 27.72%.

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.