Van ECK Associates Corp Sells 228 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Van ECK Associates Corp decreased its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,796 shares of the aerospace company’s stock after selling 228 shares during the quarter. Van ECK Associates Corp’s holdings in Elbit Systems were worth $1,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake in Elbit Systems by 1,566.7% in the 3rd quarter. Allworth Financial LP now owns 200 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 188 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Elbit Systems in the 3rd quarter worth approximately $99,000. Banque Cantonale Vaudoise lifted its stake in Elbit Systems by 122.2% in the third quarter. Banque Cantonale Vaudoise now owns 500 shares of the aerospace company’s stock worth $99,000 after acquiring an additional 275 shares during the period. Signaturefd LLC boosted its holdings in Elbit Systems by 12.7% in the third quarter. Signaturefd LLC now owns 797 shares of the aerospace company’s stock valued at $158,000 after acquiring an additional 90 shares in the last quarter. Finally, AM Investment Strategies LLC purchased a new position in shares of Elbit Systems during the fourth quarter valued at about $213,000. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of ESLT opened at $200.87 on Thursday. The firm has a market capitalization of $8.93 billion, a PE ratio of 41.59 and a beta of 0.54. The company has a 50-day simple moving average of $204.89 and a two-hundred day simple moving average of $204.83. Elbit Systems Ltd. has a one year low of $183.80 and a one year high of $225.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.67.

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, beating the consensus estimate of $1.38 by $0.18. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.53 billion. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. During the same period last year, the business earned $1.68 earnings per share. On average, analysts anticipate that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.00%. Elbit Systems’s dividend payout ratio is 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.