Quantinno Capital Management LP Cuts Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Quantinno Capital Management LP reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,809 shares of the aerospace company’s stock after selling 5,355 shares during the period. Quantinno Capital Management LP’s holdings in Leidos were worth $3,862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Leidos by 53.1% during the 3rd quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock worth $93,891,000 after acquiring an additional 199,686 shares in the last quarter. JPMorgan Chase & Co. increased its position in Leidos by 13.1% in 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. Park Avenue Securities LLC raised its stake in Leidos by 83.1% during the fourth quarter. Park Avenue Securities LLC now owns 6,064 shares of the aerospace company’s stock valued at $874,000 after purchasing an additional 2,752 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Leidos by 13.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,559 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 680 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in Leidos by 36.4% during the fourth quarter. Ritholtz Wealth Management now owns 7,843 shares of the aerospace company’s stock valued at $1,130,000 after purchasing an additional 2,094 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Up 1.5%

Shares of LDOS opened at $159.08 on Monday. The firm has a fifty day moving average price of $142.23 and a 200-day moving average price of $148.39. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $20.48 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 EPS. Equities research analysts expect 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 will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.01%. Leidos’s payout ratio is currently 16.10%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LDOS shares. Royal Bank of Canada boosted their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, UBS Group boosted their target price on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.69.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory R. Dahlberg sold 1,250 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.