Trexquant Investment LP Sells 3,347 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Trexquant Investment LP trimmed its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 78.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 917 shares of the aerospace company's stock after selling 3,347 shares during the period. Trexquant Investment LP's holdings in Elbit Systems were worth $237,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its position in Elbit Systems by 150.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after buying an additional 75 shares during the last quarter. Morse Asset Management Inc bought a new stake in Elbit Systems during the third quarter worth approximately $40,000. Sierra Ocean LLC bought a new position in shares of Elbit Systems in the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC lifted its stake in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after buying an additional 106 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Elbit Systems in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 17.88% of the company's stock.

Analyst Ratings Changes

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

Elbit Systems Stock Performance

Shares of Elbit Systems stock traded up $1.16 during midday trading on Friday, hitting $406.22. The company had a trading volume of 45,139 shares, compared to its average volume of 38,567. The stock has a market cap of $18.06 billion, a PE ratio of 69.44 and a beta of 0.32. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $420.00. The business's 50 day simple moving average is $360.93 and its two-hundred day simple moving average is $290.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, beating 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 business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. As a group, equities analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems's dividend payout ratio is presently 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.