Arrowstreet Capital Limited Partnership Sells 20,413 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Arrowstreet Capital Limited Partnership trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770,930 shares of the aerospace company's stock after selling 20,413 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.58% of Leidos worth $111,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC grew its stake in Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock valued at $1,177,000 after acquiring an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after purchasing an additional 3,534 shares during the period. LGT Fund Management Co Ltd. bought a new stake in Leidos during the 4th quarter worth approximately $1,979,000. Rockefeller Capital Management L.P. acquired a new stake in Leidos during the 3rd quarter worth approximately $4,622,000. Finally, Sanctuary Advisors LLC raised its holdings in Leidos by 99.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,644 shares of the aerospace company's stock worth $4,575,000 after buying an additional 13,818 shares during the period. Institutional investors own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

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

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on LDOS. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and cut their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.07.

Leidos Stock Performance

Shares of LDOS stock traded down $0.17 on Tuesday, reaching $134.77. The stock had a trading volume of 1,512,474 shares, compared to its average volume of 1,151,131. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.65 and a beta of 0.72. The firm's 50-day moving average is $136.59 and its two-hundred day moving average is $153.37. 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 (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos's dividend payout ratio (DPR) is 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.