Quantinno Capital Management LP Raises Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Quantinno Capital Management LP grew its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,105 shares of the aerospace company's stock after purchasing an additional 1,749 shares during the period. Quantinno Capital Management LP's holdings in Elbit Systems were worth $2,629,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ESLT. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 67 shares during the period. Y.D. More Investments Ltd increased its position in shares of Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock worth $117,520,000 after acquiring an additional 41,401 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Elbit Systems during the fourth quarter worth $590,000. Van ECK Associates Corp increased its position in shares of Elbit Systems by 3.8% during the fourth quarter. Van ECK Associates Corp now owns 11,559 shares of the aerospace company's stock worth $2,983,000 after acquiring an additional 426 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Elbit Systems during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 17.88% of the company's stock.

Analysts Set New Price Targets

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

Elbit Systems Stock Up 0.6%

NASDAQ:ESLT traded up $2.40 during trading hours on Friday, hitting $378.93. The company's stock had a trading volume of 278,305 shares, compared to its average volume of 49,898. The stock has a market capitalization of $16.84 billion, a P/E ratio of 64.77 and a beta of 0.31. The stock has a fifty day moving average of $393.45 and a 200-day moving average of $321.96. 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 52-week low of $175.30 and a 52-week high of $426.40.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted 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 firm had revenue of $1.90 billion for 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 quarter in the prior year, the company posted $1.81 earnings per share. On average, equities analysts forecast 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. Investors of record on Tuesday, June 24th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's dividend payout ratio (DPR) is presently 25.25%.

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.