Canada Pension Plan Investment Board Trims Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Canada Pension Plan Investment Board cut its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 39.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,037 shares of the aerospace company's stock after selling 59,775 shares during the period. Canada Pension Plan Investment Board owned 0.07% of Leidos worth $12,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Leidos in the fourth quarter valued at approximately $266,419,000. Alliancebernstein L.P. boosted its stake in Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after buying an additional 835,930 shares during the last quarter. Invesco Ltd. grew its holdings in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after buying an additional 682,532 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after acquiring an additional 405,256 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after acquiring an additional 377,756 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LDOS has been the subject of a number of analyst reports. UBS Group dropped their price objective 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. Truist Financial reduced their price target 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. Wells Fargo & Company lowered their price objective on Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and reduced their target price for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.23.

Leidos Stock Up 2.5 %

LDOS traded up $3.61 on Thursday, hitting $145.61. 1,153,486 shares of the company were exchanged, compared to its average volume of 1,211,750. The firm has a 50-day moving average price of $135.47 and a two-hundred day moving average price of $150.94. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66.

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

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. Leidos's dividend payout ratio (DPR) is currently 17.32%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % 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.