Leidos Holdings, Inc. $LDOS Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Leidos stake by 63.8% in the third quarter, selling 270,154 shares and retaining 153,074 shares worth approximately $18.6 million. Institutional investors collectively own 76.12% of the company.
• Leidos reported quarterly results above expectations, with EPS of $3.26 versus the $2.91 consensus and revenue of $4.56 billion, up 7.2% year over year. The board also authorized a buyback of up to 20 million shares.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $156.14, despite a quarterly dividend of $0.43 per share and a 1.3% yield.

Robeco Institutional Asset Management B.V. decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 63.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 153,074 shares of the aerospace company's stock after selling 270,154 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Leidos worth $18,649,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LDOS. Western Wealth Management LLC purchased a new stake in shares of Leidos in the first quarter worth approximately $42,000. Kelleher Financial Advisors bought a new position in shares of Leidos in the second quarter valued at approximately $28,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Leidos by 5,620.0% in the first quarter. Cedar Mountain Advisors LLC now owns 286 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 281 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in shares of Leidos during the first quarter valued at approximately $53,000. Finally, Fortitude Family Office LLC boosted its position in shares of Leidos by 273.7% during the third quarter. Fortitude Family Office LLC now owns 370 shares of the aerospace company's stock valued at $45,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Performance

LDOS stock opened at $136.07 on Friday. The firm has a market cap of $17.08 billion, a PE ratio of 11.04, a P/E/G ratio of 1.50 and a beta of 0.58. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average of $129.42 and a 200-day moving average of $127.21. Leidos Holdings, Inc. has a 12-month low of $98.86 and a 12-month high of $205.77.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The aerospace company reported $3.26 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $3.21 earnings per share. Leidos's revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 12.36 earnings per share for the current year.

Leidos announced that its Board of Directors has initiated a stock buyback program on Friday, July 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Leidos's payout ratio is presently 16.04%.

Insiders Place Their Bets

In related news, Director Gary May sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. Following the transaction, the director directly owned 10,204 shares of the company's stock, valued at approximately $1,437,233.40. The trade was a 8.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Geer sold 10,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the transaction, the director owned 34,274 shares of the company's stock, valued at approximately $4,820,980.84. The trade was a 22.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of analyst reports. Citigroup lowered their price target on Leidos from $161.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. TD Cowen dropped their price objective on Leidos from $135.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday, October 6th. UBS Group lifted their price objective on shares of Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada reduced their target price on shares of Leidos from $180.00 to $170.00 and set an "outperform" rating for the company in a research note on Wednesday, August 5th. Finally, Bank of America increased their target price on shares of Leidos from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $156.14.

Leidos Company Profile

Leidos Holdings, Inc NYSE: LDOS is a technology, engineering and science company that provides services and solutions to government and commercial customers. Its work supports defense, intelligence, civil government, health and transportation missions, with offerings that include information technology modernization, systems integration, cybersecurity, data analytics, artificial intelligence, engineering and mission operations.

The company also provides health technology and scientific services, transportation management systems, aviation and security solutions, and support for complex government programs.

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