Allianz Asset Management GmbH reduced its holdings in shares of Leidos Holdings Inc (NYSE:LDOS) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,946 shares of the aerospace company’s stock after selling 55,348 shares during the period. Allianz Asset Management GmbH owned about 0.20% of Leidos worth $20,468,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Leidos by 819.6% during the third quarter. Hsbc Holdings PLC now owns 250,725 shares of the aerospace company’s stock valued at $17,341,000 after purchasing an additional 223,460 shares during the period. Stevens Capital Management LP boosted its stake in shares of Leidos by 58.6% during the third quarter. Stevens Capital Management LP now owns 15,191 shares of the aerospace company’s stock valued at $1,051,000 after purchasing an additional 5,610 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of Leidos by 0.8% during the third quarter. Standard Life Aberdeen plc now owns 295,648 shares of the aerospace company’s stock valued at $20,449,000 after purchasing an additional 2,491 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Leidos by 8.4% during the third quarter. Baird Financial Group Inc. now owns 48,364 shares of the aerospace company’s stock valued at $3,282,000 after purchasing an additional 3,757 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Leidos by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,546,570 shares of the aerospace company’s stock valued at $106,949,000 after purchasing an additional 11,051 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.
A number of research firms have recently weighed in on LDOS. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine lowered Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Cowen reissued a “buy” rating and set a $77.00 price objective on shares of Leidos in a research note on Wednesday, October 17th. Finally, Argus dropped their price target on Leidos from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $77.29.
Shares of LDOS stock opened at $60.26 on Friday. Leidos Holdings Inc has a 52 week low of $57.50 and a 52 week high of $72.30. The firm has a market capitalization of $8.83 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.60. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.
Leidos (NYSE:LDOS) last announced its quarterly earnings results on Thursday, October 25th. The aerospace company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. Leidos had a return on equity of 18.67% and a net margin of 5.04%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Sell-side analysts anticipate that Leidos Holdings Inc will post 4.36 EPS for the current fiscal year.
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Leidos Company Profile
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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