Quantbot Technologies LP Takes $5.17 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Quantbot Technologies LP bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,868 shares of the aerospace company’s stock, valued at approximately $5,167,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp grew its holdings in Leidos by 1.0% during the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after acquiring an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Geode Capital Management LLC raised its position in Leidos by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock worth $546,912,000 after buying an additional 42,358 shares during the last quarter. FMR LLC lifted its position in Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after purchasing an additional 522,764 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Leidos by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after buying an additional 53,307 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

LDOS stock opened at $134.59 on Friday. The company has a market capitalization of $17.65 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.65 and a beta of 0.72. The firm has a 50 day moving average of $140.42 and a two-hundred day moving average of $155.03. 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 12 month low of $123.23 and a 12 month high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.19%. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. UBS Group cut their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Truist Financial decreased their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Finally, TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and lowered their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.87.

Insider Activity

In related news, 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 value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now owns 6,408 shares of the company’s stock, 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. 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.