IBM Retirement Fund decreased its position in HD Supply Holdings Inc (NASDAQ:HDS) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,863 shares of the industrial products company’s stock after selling 281 shares during the quarter. IBM Retirement Fund’s holdings in HD Supply were worth $220,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Captrust Financial Advisors raised its position in shares of HD Supply by 23.4% in the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 285 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of HD Supply by 46.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 309 shares during the period. State of Alaska Department of Revenue raised its position in shares of HD Supply by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 20,650 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 314 shares during the period. Penserra Capital Management LLC raised its position in shares of HD Supply by 58.4% in the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 348 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of HD Supply by 2.5% in the 4th quarter. Brown Advisory Inc. now owns 15,313 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 380 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.
In other HD Supply news, Director Jana Partners Llc sold 588,300 shares of HD Supply stock in a transaction on Friday, January 4th. The shares were sold at an average price of $37.71, for a total transaction of $22,184,793.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 3,251,545 shares of company stock valued at $123,065,335. Company insiders own 0.72% of the company’s stock.
HDS stock opened at $42.88 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.13 and a quick ratio of 1.11. HD Supply Holdings Inc has a one year low of $35.35 and a one year high of $46.29. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.80 and a beta of 1.25.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that HD Supply Holdings Inc will post 3.68 earnings per share for the current fiscal year.
Several brokerages have commented on HDS. BidaskClub downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Royal Bank of Canada raised their target price on shares of HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Wednesday. They noted that the move was a valuation call. Robert W. Baird upgraded shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 target price on the stock in a report on Friday, January 25th. Finally, Raymond James lowered their price objective on shares of HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. HD Supply presently has a consensus rating of “Buy” and an average target price of $46.36.
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About HD Supply
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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