Alberta Investment Management Corp Buys 17,600 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Alberta Investment Management Corp boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 838.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,700 shares of the aerospace company's stock after buying an additional 17,600 shares during the period. Alberta Investment Management Corp's holdings in Leidos were worth $2,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Global Retirement Partners LLC raised its stake in Leidos by 405.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,702 shares of the aerospace company's stock valued at $533,000 after purchasing an additional 2,970 shares during the period. Convergence Investment Partners LLC grew its holdings in Leidos by 2.6% during the 4th quarter. Convergence Investment Partners LLC now owns 4,960 shares of the aerospace company's stock valued at $715,000 after buying an additional 128 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Leidos during the 4th quarter valued at approximately $913,000. Empower Advisory Group LLC raised its position in shares of Leidos by 37.2% during the fourth quarter. Empower Advisory Group LLC now owns 2,055 shares of the aerospace company's stock valued at $296,000 after buying an additional 557 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Leidos by 8.0% in the fourth quarter. Truist Financial Corp now owns 67,093 shares of the aerospace company's stock worth $9,665,000 after buying an additional 4,952 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

LDOS has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on shares of Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Barclays raised their price objective on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. UBS Group reduced their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Truist Financial dropped their price target on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.27.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares of the company's stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Trading Down 2.6 %

LDOS stock traded down $3.39 during mid-day trading on Friday, reaching $126.66. 2,569,823 shares of the stock traded hands, compared to its average volume of 1,513,318. Leidos Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The stock has a market capitalization of $16.61 billion, a PE ratio of 13.71, a PEG ratio of 1.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The business has a 50-day moving average price of $144.89 and a two-hundred day moving average price of $156.76.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Leidos's dividend payout ratio is currently 17.32%.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.