UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 36,389 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 771,299 shares of the aerospace company’s stock after selling 36,389 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Leidos were worth $111,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Leidos in the fourth quarter valued at about $25,000. Duncker Streett & Co. Inc. acquired a new position in Leidos in the 4th quarter valued at approximately $27,000. Berbice Capital Management LLC acquired a new position in Leidos in the 4th quarter valued at approximately $29,000. Mather Group LLC. lifted its position in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 156 shares during the period. Finally, Human Investing LLC acquired a new stake in shares of Leidos during the 4th quarter worth approximately $52,000. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Leidos news, 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 completion of the sale, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Performance

NYSE LDOS opened at $152.60 on Friday. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a 50 day moving average of $144.46 and a 200-day moving average of $147.93. 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 cap of $19.64 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.65 and a beta of 0.65.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the firm posted $2.29 EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. Leidos’s dividend payout ratio is 16.10%.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Truist Financial dropped their price objective on shares of Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada lifted their target price on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. Wells Fargo & Company increased their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, UBS Group lifted their price objective on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.69.

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.