Cubist Systematic Strategies LLC Has $141,000 Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Cubist Systematic Strategies LLC trimmed its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 77.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545 shares of the aerospace company's stock after selling 1,826 shares during the period. Cubist Systematic Strategies LLC's holdings in Elbit Systems were worth $141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. bought a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $229,000. PDT Partners LLC grew its stake in shares of 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 purchasing an additional 1,795 shares during the period. Northern Trust Corp grew its stake in shares of Elbit Systems by 301.1% in the 4th quarter. Northern Trust Corp now owns 7,798 shares of the aerospace company's stock valued at $2,012,000 after purchasing an additional 5,854 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 valued at $2,961,000 after purchasing an additional 163 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Elbit Systems by 52.7% in the 4th quarter. Voya Investment Management LLC now owns 42,319 shares of the aerospace company's stock valued at $11,069,000 after purchasing an additional 14,612 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

NASDAQ ESLT traded up $2.40 during trading hours on Friday, reaching $378.93. 278,305 shares of the company's stock were exchanged, compared to its average volume of 49,898. The stock has a market cap of $16.84 billion, a PE ratio of 64.77 and a beta of 0.31. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $426.40. The firm 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 (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.27. The business 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 period in the prior year, the company earned $1.81 EPS. On average, equities research analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a yield of 0.63%. Elbit Systems's dividend payout ratio (DPR) is presently 25.25%.

Wall Street Analyst Weigh In

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

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.