HD Supply Holdings Inc (HDS) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 549,986 shares of the industrial products company’s stock after acquiring an additional 51,325 shares during the quarter. Voya Investment Management LLC’s holdings in HD Supply were worth $23,589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HDS. Massey Quick Simon & CO. LLC bought a new stake in shares of HD Supply during the 2nd quarter valued at about $106,000. Captrust Financial Advisors raised its holdings in shares of HD Supply by 7,921.9% during the 2nd quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after buying an additional 2,535 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of HD Supply by 61.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,496 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,331 shares in the last quarter. Cornerstone Advisors Inc. purchased a new position in shares of HD Supply during the 2nd quarter valued at about $141,000. Finally, Twin Tree Management LP purchased a new position in shares of HD Supply during the 2nd quarter valued at about $149,000. Hedge funds and other institutional investors own 94.89% of the company’s stock.

Shares of HD Supply stock opened at $42.71 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.31 and a current ratio of 2.27. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.84 and a beta of 1.25. HD Supply Holdings Inc has a one year low of $32.23 and a one year high of $46.29.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.03. The business had revenue of $1.60 billion for 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 business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. equities analysts expect that HD Supply Holdings Inc will post 3.3 EPS for the current fiscal year.

In other HD Supply news, Director Jana Partners Llc sold 636,023 shares of HD Supply stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $43.93, for a total value of $27,940,490.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Stegeman sold 57,200 shares of HD Supply stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $45.00, for a total value of $2,574,000.00. Following the completion of the transaction, the insider now directly owns 95,652 shares in the company, valued at $4,304,340. The disclosure for this sale can be found here. Insiders sold a total of 2,196,325 shares of company stock worth $95,704,024 over the last ninety days. Insiders own 0.72% of the company’s stock.

HDS has been the topic of a number of research reports. TheStreet raised HD Supply from a “c+” rating to a “b” rating in a report on Thursday, June 7th. SunTrust Banks raised their price objective on HD Supply from $50.00 to $52.00 in a report on Thursday, September 6th. Wells Fargo & Co set a $50.00 price objective on HD Supply and gave the company a “buy” rating in a report on Wednesday, June 6th. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Finally, Wolfe Research initiated coverage on HD Supply in a report on Wednesday, June 27th. They set an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. HD Supply has an average rating of “Buy” and an average price target of $47.33.

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.

Further Reading: Growth Stocks

Want to see what other hedge funds are holding HDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HD Supply Holdings Inc (NASDAQ:HDS).

Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply