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

Cubist Systematic Strategies LLC lessened its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Elbit Systems by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after purchasing an additional 10,215 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Elbit Systems by 10.1% in the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after buying an additional 41,401 shares during the period. Invesco Ltd. boosted its stake in Elbit Systems by 13.1% during the fourth quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock valued at $87,294,000 after buying an additional 39,095 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Elbit Systems by 177.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock worth $59,207,000 after acquiring an additional 145,324 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Elbit Systems by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company's stock valued at $11,817,000 after acquiring an additional 2,317 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Elbit Systems Trading Down 4.9%

Elbit Systems stock traded down $19.40 during midday trading on Thursday, reaching $376.53. The stock had a trading volume of 611,776 shares, compared to its average volume of 48,626. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $426.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 64.36 and a beta of 0.31. The firm's fifty day simple moving average is $393.90 and its two-hundred day simple moving average is $319.34.

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 for the quarter, beating analysts' consensus estimates of $2.30 by $0.27. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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 previous year, the company posted $1.81 earnings per share. Equities analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's dividend payout ratio is currently 27.72%.

Elbit Systems 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.