Pendal Group Ltd decreased its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 76.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,726 shares of the industrial products company’s stock after selling 148,937 shares during the period. Pendal Group Ltd’s holdings in HD Supply were worth $1,914,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HDS. Massey Quick Simon & CO. LLC acquired a new position in shares of HD Supply in the second quarter worth about $106,000. Captrust Financial Advisors lifted its stake 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 worth $110,000 after acquiring an additional 2,535 shares in the last quarter. Cornerstone Advisors Inc. acquired a new position in shares of HD Supply in the second quarter worth about $141,000. Twin Tree Management LP acquired a new position in shares of HD Supply in the second quarter worth about $149,000. Finally, Aviance Capital Management LLC lifted its stake 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 worth $173,000 after acquiring an additional 1,401 shares in the last quarter. 95.25% of the stock is owned by institutional investors.
Several research firms recently commented on HDS. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday. Gordon Haskett initiated coverage on HD Supply in a research note on Friday, October 12th. They set a “hold” rating on the stock. Jefferies Financial Group initiated coverage on HD Supply in a research note on Friday, October 12th. They set a “buy” rating and a $48.00 price objective on the stock. BidaskClub cut HD Supply from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Finally, ValuEngine cut HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. HD Supply presently has an average rating of “Buy” and a consensus target price of $47.67.
In other news, Director Jana Partners Llc sold 621,235 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $42.37, for a total transaction of $26,321,726.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.
Shares of NASDAQ HDS opened at $38.75 on Friday. HD Supply Holdings Inc has a 52-week low of $34.02 and a 52-week high of $46.29. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 0.87 and a beta of 1.44. 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 (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. HD Supply had a return on equity of 36.44% and a net margin of 11.96%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. HD Supply’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities research analysts predict that HD Supply Holdings Inc will post 3.31 EPS for the current fiscal year.
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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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