Caisse DE Depot ET Placement DU Quebec reduced its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,031 shares of the industrial products company’s stock after selling 7,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in HD Supply were worth $2,489,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of HD Supply by 13.0% during the first quarter. BlackRock Inc. now owns 10,031,203 shares of the industrial products company’s stock valued at $380,585,000 after purchasing an additional 1,156,692 shares in the last quarter. Argent Capital Management LLC bought a new stake in shares of HD Supply during the second quarter valued at approximately $48,321,000. Point72 Asset Management L.P. boosted its position in shares of HD Supply by 118.1% during the first quarter. Point72 Asset Management L.P. now owns 1,505,121 shares of the industrial products company’s stock valued at $57,104,000 after purchasing an additional 814,949 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of HD Supply during the second quarter valued at approximately $32,717,000. Finally, Boston Partners bought a new stake in shares of HD Supply during the second quarter valued at approximately $27,280,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Friday. ValuEngine lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. BidaskClub lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Raymond James lifted their price objective on HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, SunTrust Banks lifted their price objective on HD Supply from $50.00 to $52.00 in a research note on Thursday, September 6th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $48.00.
Shares of HDS stock traded down $0.41 during mid-day trading on Friday, hitting $41.92. The company’s stock had a trading volume of 2,363,052 shares, compared to its average volume of 1,813,135. HD Supply Holdings Inc has a 52-week low of $34.02 and a 52-week high of $46.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31. The stock has a market capitalization of $7.86 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.82 and a beta of 1.29.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a return on equity of 36.44% and a net margin of 11.96%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. As a group, analysts anticipate that HD Supply Holdings Inc will post 3.3 earnings per share for the current year.
In other HD Supply news, insider John Stegeman sold 57,200 shares of the business’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the completion of the sale, the insider now owns 95,652 shares of the company’s stock, valued at $4,304,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jana Partners Llc sold 861,499 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total value of $37,380,441.61. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.
HD Supply 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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