UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 606 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 15,391 shares of the aerospace company’s stock after selling 606 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Elbit Systems were worth $3,080,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. 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 valued at $161,177,000 after acquiring an additional 18,014 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after buying an additional 402,512 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of 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 buying an additional 98,440 shares during the period. Swiss National Bank raised its holdings in 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 acquiring an additional 368 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Elbit Systems by 1.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,971 shares of the aerospace company’s stock valued at $10,799,000 after purchasing an additional 593 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Performance

NASDAQ:ESLT opened at $251.43 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $231.89 and a 200 day moving average price of $204.81. The firm has a market capitalization of $11.18 billion, a PE ratio of 42.98 and a beta of 0.52. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $255.02.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. 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 payout ratio is currently 28.38%.

Analyst Ratings Changes

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.

About Elbit Systems

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.