Mitsubishi UFJ Trust & Banking Corp lowered its stake in Leidos Holdings Inc (NYSE:LDOS) by 61.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,356 shares of the aerospace company’s stock after selling 175,361 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Leidos worth $7,701,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Leidos by 5.0% in the 3rd quarter. BlackRock Inc. now owns 13,530,994 shares of the aerospace company’s stock worth $935,803,000 after purchasing an additional 642,239 shares in the last quarter. FMR LLC lifted its stake in Leidos by 30.3% in the 2nd quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock worth $792,073,000 after purchasing an additional 3,122,237 shares in the last quarter. Boston Partners lifted its stake in Leidos by 14.4% in the 2nd quarter. Boston Partners now owns 5,468,842 shares of the aerospace company’s stock worth $322,662,000 after purchasing an additional 687,970 shares in the last quarter. FIL Ltd lifted its stake in Leidos by 0.4% in the 3rd quarter. FIL Ltd now owns 3,054,462 shares of the aerospace company’s stock worth $211,246,000 after purchasing an additional 12,898 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Leidos by 4,122.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,161,817 shares of the aerospace company’s stock worth $149,511,000 after purchasing an additional 2,110,621 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.
Shares of NYSE LDOS opened at $58.87 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.38. The stock has a market cap of $9.02 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60. Leidos Holdings Inc has a 12-month low of $57.50 and a 12-month high of $72.30.
Leidos (NYSE:LDOS) last announced its earnings results on Thursday, October 25th. The aerospace company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Leidos had a net margin of 5.04% and a return on equity of 18.67%. As a group, sell-side analysts expect that Leidos Holdings Inc will post 4.36 EPS for the current year.
LDOS has been the topic of several recent research reports. Cowen restated a “buy” rating and set a $77.00 target price on shares of Leidos in a research report on Wednesday, October 17th. Zacks Investment Research cut shares of Leidos from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine cut shares of Leidos from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Argus decreased their target price on shares of Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $77.29.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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