Advisors Asset Management Inc. Decreases Stake in HD Supply Holdings Inc (HDS)

Advisors Asset Management Inc. decreased its position in HD Supply Holdings Inc (NASDAQ:HDS) by 35.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,449 shares of the industrial products company’s stock after selling 2,430 shares during the quarter. Advisors Asset Management Inc.’s holdings in HD Supply were worth $191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HDS. Argent Capital Management LLC bought a new stake in shares of HD Supply in the 2nd quarter worth approximately $48,321,000. BlackRock Inc. lifted its holdings in shares of HD Supply by 10.5% in the 2nd quarter. BlackRock Inc. now owns 11,087,160 shares of the industrial products company’s stock worth $475,528,000 after purchasing an additional 1,055,957 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of HD Supply in the 2nd quarter worth approximately $32,717,000. Boston Partners bought a new stake in shares of HD Supply in the 2nd quarter worth approximately $27,280,000. Finally, Bank of America Corp DE lifted its holdings in shares of HD Supply by 67.0% in the 2nd quarter. Bank of America Corp DE now owns 980,828 shares of the industrial products company’s stock worth $42,068,000 after purchasing an additional 393,333 shares during the last quarter. Institutional investors own 95.25% of the company’s stock.

In other news, Director Jana Partners Llc sold 861,499 shares of HD Supply stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.39, for a total transaction of $37,380,441.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Gordon Haskett started coverage on HD Supply in a research note on Friday, October 12th. They set a “hold” rating on the stock. Northcoast Research raised HD Supply from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine downgraded HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.67.

Shares of HD Supply stock opened at $38.75 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 firm has a market cap of $7.27 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. HD Supply Holdings Inc has a 1-year low of $34.02 and a 1-year high of $46.29.

HD Supply (NASDAQ:HDS) last announced its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, beating the 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 the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts forecast that HD Supply Holdings Inc will post 3.31 EPS for the current fiscal year.

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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.

Further Reading: How to calculate the intrinsic value of a stock

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

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