Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 5.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,577 shares of the company’s stock after selling 6,327 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Leonardo DRS were worth $2,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DRS. Citigroup Inc. raised its holdings in shares of Leonardo DRS by 46.2% during the third quarter. Citigroup Inc. now owns 196,223 shares of the company’s stock valued at $5,537,000 after acquiring an additional 62,042 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Leonardo DRS by 4.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,281,546 shares of the company’s stock worth $58,202,000 after purchasing an additional 102,198 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Leonardo DRS during the 2nd quarter worth approximately $11,093,000. Dimensional Fund Advisors LP acquired a new position in shares of Leonardo DRS during the 2nd quarter worth approximately $16,916,000. Finally, AQR Capital Management LLC grew its position in shares of Leonardo DRS by 89.7% in the second quarter. AQR Capital Management LLC now owns 55,361 shares of the company’s stock valued at $1,412,000 after purchasing an additional 26,185 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Leonardo DRS

In other news, CEO William Lynn III sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total transaction of $1,533,150.00. Following the completion of the transaction, the chief executive officer now directly owns 234,937 shares of the company’s stock, valued at $8,004,303.59. This trade represents a 16.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Dippold sold 25,880 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $34.08, for a total value of $881,990.40. Following the completion of the transaction, the chief financial officer now directly owns 47,028 shares of the company’s stock, valued at approximately $1,602,714.24. This trade represents a 35.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,554 shares of company stock worth $3,236,679 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

Leonardo DRS Trading Down 0.4 %

NASDAQ:DRS opened at $34.09 on Friday. The company has a market capitalization of $9.01 billion, a PE ratio of 46.07, a P/E/G ratio of 1.81 and a beta of 0.97. Leonardo DRS, Inc. has a 52-week low of $18.60 and a 52-week high of $37.99. The stock’s 50 day moving average price is $32.65 and its 200 day moving average price is $28.87. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The firm had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. During the same period in the prior year, the business earned $0.20 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts anticipate that Leonardo DRS, Inc. will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

DRS has been the topic of several recent research reports. Bank of America cut shares of Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price target for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Robert W. Baird boosted their target price on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.17.

Leonardo DRS Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.