Cerity Partners LLC Decreases Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Cerity Partners LLC decreased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 24.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,467 shares of the aerospace company’s stock after selling 815 shares during the period. Cerity Partners LLC’s holdings in Elbit Systems were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ESLT. CoreCap Advisors LLC purchased a new stake in shares of Elbit Systems in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its holdings in Elbit Systems by 2,985.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 216 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. Parallel Advisors LLC grew its stake in Elbit Systems by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 395 shares of the aerospace company’s stock valued at $67,000 after purchasing an additional 82 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Elbit Systems during the 4th quarter valued at approximately $73,000. Finally, Signaturefd LLC grew its stake in Elbit Systems by 46.4% during the 1st quarter. Signaturefd LLC now owns 704 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 24.08% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $197.45 on Thursday. Elbit Systems Ltd. has a fifty-two week low of $162.01 and a fifty-two week high of $225.22. The business has a 50 day moving average price of $206.57 and a two-hundred day moving average price of $193.38. The company has a quick ratio of 0.65, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market cap of $8.74 billion, a PE ratio of 33.07 and a beta of 0.57.

Elbit Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 23rd. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.01%. Elbit Systems’s dividend payout ratio (DPR) is presently 27.81%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Elbit Systems in a research note on Thursday, August 17th. They set a “buy” rating for the company.

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.