Xact Kapitalforvaltning AB lessened its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,323 shares of the industrial products company’s stock after selling 1,929 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in HD Supply were worth $1,554,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Massey Quick Simon & CO. LLC purchased a new position in shares of HD Supply in the second quarter valued at about $106,000. Captrust Financial Advisors increased its position in shares of HD Supply by 7,921.9% in the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 2,535 shares during the period. Cornerstone Advisors Inc. purchased a new position in shares of HD Supply in the second quarter valued at about $141,000. Twin Tree Management LP purchased a new position in shares of HD Supply in the second quarter valued at about $149,000. Finally, Aviance Capital Management LLC increased its position in shares of HD Supply by 53.4% in the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 1,401 shares during the period. Institutional investors own 94.54% of the company’s stock.
In other news, Director Jana Partners Llc sold 861,499 shares of HD Supply stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total transaction of $37,380,441.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.
Shares of HDS opened at $37.64 on Tuesday. The stock has a market cap of $7.01 billion, a PE ratio of 16.29, a P/E/G ratio of 0.83 and a beta of 1.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.31 and a current ratio of 2.27. HD Supply Holdings Inc has a 1-year low of $34.02 and a 1-year high of $46.29.
HD Supply (NASDAQ:HDS) last announced its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. Research analysts expect that HD Supply Holdings Inc will post 3.31 EPS for the current year.
A number of equities analysts have issued reports on HDS shares. Bank of America boosted their price objective on shares of HD Supply from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Wolfe Research started coverage on shares of HD Supply in a research report on Wednesday, June 27th. They issued an “outperform” rating on the stock. BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $48.00.
HD Supply Company Profile
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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