Mariner LLC Decreases Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Mariner LLC lessened its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,138 shares of the aerospace company’s stock after selling 173 shares during the period. Mariner LLC’s holdings in Elbit Systems were worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock worth $229,268,000 after buying an additional 10,215 shares in the last quarter. Y.D. More Investments Ltd increased its stake in 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 last quarter. Invesco Ltd. raised its position 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 purchasing an additional 39,095 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Elbit Systems by 177.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock valued at $59,207,000 after purchasing an additional 145,324 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after purchasing an additional 18,614 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Elbit Systems Trading Up 0.3 %

Shares of ESLT opened at $379.54 on Friday. The company’s fifty day simple moving average is $369.13 and its 200-day simple moving average is $297.14. The company has a market cap of $16.87 billion, a P/E ratio of 64.88 and a beta of 0.32. 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 twelve month low of $175.30 and a twelve month high of $420.00.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.60 per share. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems’s dividend payout ratio (DPR) is currently 27.72%.

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.