Ontario Teachers Pension Plan Board Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Ontario Teachers Pension Plan Board lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 79.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,269 shares of the aerospace company's stock after selling 12,871 shares during the period. Ontario Teachers Pension Plan Board's holdings in Leidos were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new position in Leidos in the 4th quarter valued at $27,000. Berbice Capital Management LLC bought a new stake in shares of Leidos during the fourth quarter valued at approximately $29,000. Mather Group LLC. boosted its holdings in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 156 shares during the period. Human Investing LLC bought a new position in Leidos in the fourth quarter worth approximately $52,000. Finally, Vision Financial Markets LLC bought a new stake in Leidos during the 4th quarter valued at $57,000. 76.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Leidos Trading Up 1.1 %

Shares of NYSE LDOS traded up $1.49 during trading on Wednesday, reaching $142.75. The stock had a trading volume of 277,535 shares, compared to its average volume of 1,619,826. The business's 50-day moving average price is $135.28 and its 200-day moving average price is $151.00. The company has a market cap of $18.30 billion, a P/E ratio of 15.45, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share 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%. On average, equities research analysts predict 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 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 yield of 1.12%. Leidos's payout ratio is currently 17.32%.

Analysts Set New Price Targets

Several brokerages have recently commented on LDOS. UBS Group cut their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their price objective on shares of Leidos from $191.00 to $173.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Five research 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $179.23.

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.