Quantinno Capital Management LP Buys 905 Shares of Elbit Systems Ltd. $ESLT

Quantinno Capital Management LP boosted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 17,196 shares of the aerospace company’s stock after buying an additional 905 shares during the quarter. Quantinno Capital Management LP’s holdings in Elbit Systems were worth $14,517,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ESLT. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Elbit Systems by 709.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,075 shares of the aerospace company’s stock valued at $50,948,000 after buying an additional 77,192 shares during the last quarter. Vanguard Group Inc. increased its holdings in Elbit Systems by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after buying an additional 13,406 shares during the last quarter. UBS Group AG raised its position in Elbit Systems by 35.5% during the fourth quarter. UBS Group AG now owns 126,864 shares of the aerospace company’s stock worth $73,291,000 after acquiring an additional 33,235 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Elbit Systems by 8.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,235 shares of the aerospace company’s stock worth $10,202,000 after acquiring an additional 1,357 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Elbit Systems by 101.9% in the fourth quarter. HighTower Advisors LLC now owns 8,807 shares of the aerospace company’s stock valued at $5,084,000 after acquiring an additional 4,444 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ESLT. JPMorgan Chase & Co. lifted their price objective on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Jefferies Financial Group dropped their target price on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a report on Wednesday, June 24th. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley set a $845.00 price target on Elbit Systems in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Elbit Systems has a consensus rating of “Hold” and a consensus price target of $803.75.

Elbit Systems Price Performance

Elbit Systems stock opened at $808.65 on Monday. Elbit Systems Ltd. has a 12 month low of $432.85 and a 12 month high of $1,016.06. The stock’s 50 day moving average is $796.49 and its 200-day moving average is $802.81. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $35.94 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 3.43 and a beta of 0.17.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.89. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. Equities research analysts expect that Elbit Systems Ltd. will post 15.3 EPS for the current year.

Elbit Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $4.00 annualized dividend and a yield of 0.5%. Elbit Systems’s dividend payout ratio (DPR) is presently 26.96%.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.