Cerity Partners LLC Has $640,000 Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Cerity Partners LLC lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 9.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,003 shares of the aerospace company’s stock after buying an additional 258 shares during the quarter. Cerity Partners LLC’s holdings in Elbit Systems were worth $640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hoey Investments Inc. bought a new position in Elbit Systems during the 3rd quarter worth $49,000. Adirondack Retirement Specialists Inc. increased its position in Elbit Systems by 1.9% during the 3rd quarter. Adirondack Retirement Specialists Inc. now owns 49,242 shares of the aerospace company’s stock worth $9,749,000 after buying an additional 915 shares during the period. Bank of New York Mellon Corp increased its position in Elbit Systems by 21.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 67,736 shares of the aerospace company’s stock worth $13,410,000 after buying an additional 12,058 shares during the period. Legal Advantage Investments Inc. increased its position in Elbit Systems by 0.8% during the 3rd quarter. Legal Advantage Investments Inc. now owns 12,892 shares of the aerospace company’s stock worth $2,552,000 after buying an additional 100 shares during the period. Finally, Mackenzie Financial Corp increased its position in Elbit Systems by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 1,609 shares of the aerospace company’s stock worth $327,000 after buying an additional 53 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

ESLT opened at $203.21 on Wednesday. The firm has a market cap of $9.03 billion, a P/E ratio of 42.07 and a beta of 0.55. Elbit Systems Ltd. has a 52-week low of $174.78 and a 52-week high of $225.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.67 and a current ratio of 1.14. The business’s fifty day moving average is $206.96 and its 200-day moving average is $204.88.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same period in the prior year, the firm posted $1.68 EPS. Sell-side analysts expect that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, April 23rd. Elbit Systems’s dividend payout ratio (DPR) is currently 34.37%.

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.