Caisse DE Depot ET Placement DU Quebec Sells 2,276 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,863 shares of the aerospace company’s stock after selling 2,276 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Leidos were worth $7,802,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LDOS. Rakuten Securities Inc. boosted its position in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Leidos during the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in Leidos during the third quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new stake in shares of Leidos in the 2nd quarter valued at approximately $34,000. Finally, Blue Trust Inc. raised its holdings in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Citigroup boosted their target price on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America upped their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Barclays lifted their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $187.36.

Insiders Place Their Bets

In related news, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Down 0.8 %

NYSE LDOS opened at $164.13 on Tuesday. The stock has a market capitalization of $21.90 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. Leidos Holdings, Inc. has a 52 week low of $105.52 and a 52 week high of $202.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The stock has a fifty day moving average of $171.38 and a 200-day moving average of $157.06.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 EPS. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.04 EPS for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

Leidos 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.