Boston Partners Sells 788,847 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Boston Partners trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 19.9% in the fourth quarter, according to its most recent filing with the 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 approximately 2.38% of Leidos worth $459,194,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in shares of Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after acquiring an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Leidos by 39.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after acquiring an additional 3,534 shares during the period. Fiduciary Trust Co lifted its holdings in shares of Leidos by 36.4% during the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after acquiring an additional 6,395 shares during the period. LGT Fund Management Co Ltd. bought a new position in Leidos during the 4th quarter valued at about $1,979,000. Finally, Rockefeller Capital Management L.P. bought a new position in Leidos during the 3rd quarter valued at about $4,622,000. 76.12% of the stock is owned by institutional investors.

Leidos Trading Up 2.8 %

LDOS stock opened at $138.35 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The company’s 50-day simple moving average is $140.22 and its 200 day simple moving average is $154.88. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90. The company has a market capitalization of $17.74 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last posted its earnings results 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 net margin of 7.53% and a return on equity of 30.93%. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several analyst reports. StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. Truist Financial cut their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.87.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % 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.

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.