Arrow Capital Pty Ltd Takes $2.16 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Arrow Capital Pty Ltd bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,000 shares of the aerospace company's stock, valued at approximately $2,161,000. Leidos makes up about 2.0% of Arrow Capital Pty Ltd's investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in Leidos by 53.1% in the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company's stock valued at $93,891,000 after purchasing an additional 199,686 shares during the last quarter. Morse Asset Management Inc raised its stake in Leidos by 92.0% during the 3rd quarter. Morse Asset Management Inc now owns 5,175 shares of the aerospace company's stock worth $844,000 after acquiring an additional 2,480 shares in the last quarter. World Investment Advisors LLC lifted its position in Leidos by 18.3% in the third quarter. World Investment Advisors LLC now owns 3,395 shares of the aerospace company's stock valued at $553,000 after acquiring an additional 526 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Leidos in the third quarter valued at $311,000. Finally, Tidal Investments LLC grew its holdings in shares of Leidos by 16.7% during the third quarter. Tidal Investments LLC now owns 13,191 shares of the aerospace company's stock worth $2,150,000 after purchasing an additional 1,883 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on LDOS shares. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and cut their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial lowered their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Finally, William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $179.23.

Leidos Trading Up 1.9 %

Shares of LDOS stock traded up $2.62 during mid-day trading on Tuesday, hitting $140.86. 345,275 shares of the company's stock were exchanged, compared to its average volume of 1,207,576. The stock has a 50-day simple moving average of $135.06 and a two-hundred day simple moving average of $151.07. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last posted 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 analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Leidos's dividend payout ratio (DPR) is 17.32%.

Insider Transactions at Leidos

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

Leidos Company Profile

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.