Boston Partners Lowers Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Boston Partners trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,172,204 shares of the aerospace company's stock after selling 788,847 shares during the period. Boston Partners owned about 2.38% of Leidos worth $459,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR purchased a new stake in Leidos in the 4th quarter valued at about $113,000. Advisors Asset Management Inc. boosted its position in Leidos by 14.0% in the 4th quarter. Advisors Asset Management Inc. now owns 23,941 shares of the aerospace company's stock valued at $3,449,000 after buying an additional 2,937 shares during the period. Thrivent Financial for Lutherans boosted its position in Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after buying an additional 377,756 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Leidos by 67.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,855 shares of the aerospace company's stock valued at $555,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in shares of Leidos by 16.2% in the 4th quarter. Cibc World Markets Corp now owns 20,778 shares of the aerospace company's stock valued at $2,993,000 after purchasing an additional 2,895 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LDOS shares. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and reduced their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group reduced their price target on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price target on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Six 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $178.07.

Leidos Stock Performance

Leidos stock traded down $1.19 during mid-day trading on Friday, reaching $133.66. 3,989,767 shares of the company traded hands, compared to its average volume of 1,083,413. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The firm's fifty day moving average is $139.37 and its two-hundred day moving average is $154.31.

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

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. Leidos's payout ratio is 17.32%.

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 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 sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

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.