First Citizens Bank & Trust Co. Has $6.06 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

First Citizens Bank & Trust Co. trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,067 shares of the aerospace company’s stock after selling 14,341 shares during the period. First Citizens Bank & Trust Co.’s holdings in Leidos were worth $6,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its holdings in shares of Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its holdings in shares of Leidos by 3.2% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 70 shares during the last quarter. Somerset Trust Co increased its holdings in shares of Leidos by 3.5% in the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after purchasing an additional 86 shares during the last quarter. Finally, Apella Capital LLC increased its holdings in shares of Leidos by 0.8% in the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after purchasing an additional 89 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on LDOS. UBS Group initiated coverage on shares of Leidos in a report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, 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 report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos has an average rating of “Moderate Buy” and a consensus price target of $179.07.

Leidos Price Performance

Shares of LDOS opened at $145.97 on Friday. Leidos Holdings, Inc. has a 12-month low of $108.95 and a 12-month high of $202.90. The business’s fifty day moving average is $153.95 and its 200 day moving average is $158.23. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The stock has a market cap of $19.48 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.06 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $2.03 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This trade represents a 14.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

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.