Canada Post Corp Registered Pension Plan Acquires 8,701 Shares of Leidos Holdings, Inc. $LDOS

Canada Post Corp Registered Pension Plan boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 416.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,791 shares of the aerospace company’s stock after purchasing an additional 8,701 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Leidos were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of Leidos in the 3rd quarter valued at about $28,000. True Wealth Design LLC grew its stake in Leidos by 471.4% in the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Mountain Hill Investment Partners Corp. increased its position in shares of Leidos by 66.2% during the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 86 shares during the last quarter. First Horizon Corp bought a new stake in shares of Leidos during the 3rd quarter worth approximately $39,000. Finally, Motco acquired a new stake in shares of Leidos in the 3rd quarter valued at approximately $43,000. 76.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LDOS shares. UBS Group set a $204.00 target price on shares of Leidos in a report on Thursday, January 15th. Wall Street Zen raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Cantor Fitzgerald raised their target price on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Truist Financial reissued a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.09.

Insider Transactions at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the sale, the insider owned 38,575 shares in the company, valued at $7,414,500.75. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Shares of LDOS opened at $193.22 on Friday. The company’s 50-day moving average is $188.84 and its 200-day moving average is $185.69. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a market capitalization of $24.70 billion, a PE ratio of 18.02, a PEG ratio of 1.35 and a beta of 0.59. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.