Quadrature Capital Ltd Purchases New Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Quadrature Capital Ltd acquired a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,602 shares of the aerospace company's stock, valued at approximately $1,519,000.

Other large investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd increased its position in Elbit Systems by 2.0% in the second 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. Y.D. More Investments Ltd increased its holdings in Elbit Systems by 32,724.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company's stock worth $71,329,000 after acquiring an additional 402,512 shares in the last quarter. Meitav Investment House Ltd. raised its stake in Elbit Systems by 41.3% during the 3rd 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 during the period. Heard Capital LLC lifted its holdings in Elbit Systems by 4.8% during the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock valued at $43,700,000 after purchasing an additional 10,070 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Elbit Systems by 0.5% in the third 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 period. 17.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Elbit Systems Price Performance

Shares of Elbit Systems stock traded up $1.11 during trading hours on Friday, hitting $251.61. The company's stock had a trading volume of 27,915 shares, compared to its average volume of 29,780. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $255.02. The business has a 50 day moving average price of $227.07 and a two-hundred day moving average price of $203.03. The company has a market cap of $11.18 billion, a PE ratio of 43.01 and a beta of 0.52.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.79%. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. Elbit Systems's dividend payout ratio (DPR) is presently 28.38%.

Elbit Systems 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.