Boston Partners Has $281.85 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)
Boston Partners lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 19.2% during the second quarter, Holdings Channel reports. The firm owned 5,452,610 shares of the aerospace company’s stock after selling 1,296,586 shares during the period. Boston Partners’ holdings in Leidos Holdings were worth $281,846,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in Leidos Holdings by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 460,871 shares of the aerospace company’s stock valued at $23,823,000 after buying an additional 22,717 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Leidos Holdings by 249.3% in the second quarter. Canada Pension Plan Investment Board now owns 13,310 shares of the aerospace company’s stock valued at $688,000 after buying an additional 9,500 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in Leidos Holdings during the second quarter valued at $551,000. Pictet Asset Management Ltd. bought a new stake in Leidos Holdings during the second quarter valued at $2,489,000. Finally, IFP Advisors Inc increased its stake in Leidos Holdings by 0.8% in the second quarter. IFP Advisors Inc now owns 10,212 shares of the aerospace company’s stock valued at $528,000 after buying an additional 86 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Leidos Holdings, Inc. (NYSE LDOS) opened at 56.47 on Friday. The company’s 50 day moving average is $53.45 and its 200-day moving average is $52.84. Leidos Holdings, Inc. has a 12 month low of $37.79 and a 12 month high of $57.72. The company has a market cap of $8.54 billion, a P/E ratio of 25.30 and a beta of 1.73.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue was up 99.6% on a year-over-year basis. Analysts expect that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on LDOS shares. Zacks Investment Research downgraded shares of Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Cowen and Company boosted their target price on shares of Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Finally, BidaskClub downgraded shares of Leidos Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Leidos Holdings presently has a consensus rating of “Buy” and a consensus price target of $58.50.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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