BNP Paribas Financial Markets Sells 3,282 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

BNP Paribas Financial Markets lowered its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 96.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108 shares of the aerospace company's stock after selling 3,282 shares during the period. BNP Paribas Financial Markets' holdings in Elbit Systems were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. PDT Partners LLC raised its stake in shares of Elbit Systems by 31.4% in the fourth 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 during the last quarter. Northern Trust Corp raised its stake in shares of Elbit Systems by 301.1% in the fourth quarter. Northern Trust Corp now owns 7,798 shares of the aerospace company's stock valued at $2,012,000 after acquiring an additional 5,854 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Elbit Systems by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,349 shares of the aerospace company's stock worth $2,961,000 after purchasing an additional 163 shares during the last quarter. Voya Investment Management LLC raised its position in Elbit Systems by 52.7% in the 4th quarter. Voya Investment Management LLC now owns 42,319 shares of the aerospace company's stock worth $11,069,000 after purchasing an additional 14,612 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Elbit Systems by 13.9% in the 4th quarter. Hsbc Holdings PLC now owns 7,956 shares of the aerospace company's stock worth $2,080,000 after purchasing an additional 972 shares during the last quarter. Institutional investors own 17.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen 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 0.1%

ESLT stock traded up $0.32 during trading on Friday, hitting $420.22. The company had a trading volume of 61,719 shares, compared to its average volume of 54,389. 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 price of $395.44 and a 200-day moving average price of $334.34. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $432.92. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 71.83 and a beta of 0.31.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.30 by $0.27. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.69 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. During the same quarter in the previous year, the company posted $1.81 EPS. As a group, analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's payout ratio is 25.25%.

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.