Schechter Investment Advisors LLC Sells 333 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Schechter Investment Advisors LLC lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,212 shares of the aerospace company’s stock after selling 333 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Leidos were worth $607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in shares of Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after acquiring an additional 3,703 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after acquiring an additional 3,534 shares during the last quarter. Fiduciary Trust Co raised its holdings in Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after buying an additional 6,395 shares during the last quarter. Atria Investments Inc raised its holdings in Leidos by 100.1% in the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after buying an additional 4,421 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Leidos by 21.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after buying an additional 9,710 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

Shares of LDOS stock opened at $132.35 on Wednesday. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52 week low of $123.22 and a 52 week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $142.01 and a 200-day moving average of $156.06.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of research reports. StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. UBS Group dropped their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.87.

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.