Probity Advisors Inc. cut its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 16.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,195 shares of the industrial products company’s stock after selling 1,851 shares during the quarter. Probity Advisors Inc.’s holdings in HD Supply were worth $379,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Hall Laurie J Trustee purchased a new stake in shares of HD Supply during the third quarter worth about $26,000. Parkside Financial Bank & Trust grew its stake in shares of HD Supply by 52.3% during the third quarter. Parkside Financial Bank & Trust now owns 824 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 283 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of HD Supply by 172.8% during the second quarter. FinTrust Capital Advisors LLC now owns 1,869 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 1,184 shares during the last quarter. IFP Advisors Inc grew its stake in shares of HD Supply by 20.2% during the second quarter. IFP Advisors Inc now owns 2,256 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 379 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of HD Supply during the second quarter worth about $86,000. Institutional investors and hedge funds own 97.29% of the company’s stock.
NASDAQ:HDS traded down $0.03 during trading hours on Tuesday, reaching $55.74. The company had a trading volume of 465,331 shares, compared to its average volume of 1,473,064. HD Supply Holdings, Inc. has a 1-year low of $21.69 and a 1-year high of $55.89. The firm has a market cap of $9.05 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. The business’s 50 day moving average price is $42.25 and its 200-day moving average price is $37.17. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.90 and a quick ratio of 1.03.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Wednesday, September 9th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.10. HD Supply had a return on equity of 36.29% and a net margin of 6.91%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $1.08 earnings per share. HD Supply’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts expect that HD Supply Holdings, Inc. will post 2.08 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on HDS. TheStreet upgraded HD Supply from a “c+” rating to a “b-” rating in a research note on Thursday, August 13th. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a research note on Thursday, September 10th. UBS Group assumed coverage on HD Supply in a research report on Tuesday, September 15th. They issued a “neutral” rating and a $42.00 target price on the stock. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, November 5th. Finally, Royal Bank of Canada upped their target price on HD Supply from $44.00 to $56.00 and gave the company a “sector perform” rating in a research report on Tuesday. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. HD Supply has an average rating of “Hold” and a consensus target price of $44.10.
In other news, Director Jana Partners Llc sold 218,955 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $41.58, for a total transaction of $9,104,148.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.75% of the company’s stock.
HD Supply Company Profile
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates in two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, water and wastewater treatment products, and heating, ventilating, and air conditioning products.
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