Clarius Group LLC Acquires Shares of 1,003 Elbit Systems Ltd. (NASDAQ:ESLT)

Clarius Group LLC bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,003 shares of the aerospace company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ESLT. Altshuler Shaham Ltd raised its stake in shares of Elbit Systems by 2.0% in the 2nd quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company's stock worth $161,177,000 after buying an additional 18,014 shares in the last quarter. Meitav Investment House Ltd. raised its position in Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company's stock worth $67,264,000 after acquiring an additional 98,440 shares in the last quarter. Heard Capital LLC lifted its holdings in Elbit Systems by 4.8% in the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock valued at $43,700,000 after acquiring an additional 10,070 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Elbit Systems by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock valued at $34,158,000 after purchasing an additional 18,614 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Elbit Systems by 0.5% in the 3rd quarter. Swiss National Bank now owns 79,626 shares of the aerospace company's stock worth $15,896,000 after purchasing an additional 368 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

Shares of ESLT traded up $3.91 during trading hours on Monday, hitting $297.82. 35,565 shares of the company were exchanged, compared to its average volume of 42,776. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The company has a market capitalization of $13.24 billion, a PE ratio of 50.91 and a beta of 0.52. The firm has a fifty day simple moving average of $257.56 and a 200-day simple moving average of $219.99. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $298.83.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, December 23rd. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's dividend payout ratio is 28.38%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th.

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.