BlackRock Inc. Grows Position in HD Supply Holdings Inc (NASDAQ:HDS)

BlackRock Inc. raised its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 7.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,989,303 shares of the industrial products company’s stock after purchasing an additional 707,576 shares during the quarter. BlackRock Inc. owned about 0.06% of HD Supply worth $402,369,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fiduciary Management Inc. WI acquired a new position in shares of HD Supply during the 2nd quarter valued at about $264,175,000. D. E. Shaw & Co. Inc. boosted its position in shares of HD Supply by 18.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,417,694 shares of the industrial products company’s stock valued at $137,665,000 after acquiring an additional 523,757 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of HD Supply by 4.4% during the 2nd quarter. APG Asset Management N.V. now owns 3,389,218 shares of the industrial products company’s stock valued at $119,879,000 after acquiring an additional 143,918 shares during the last quarter. Congress Asset Management Co. MA acquired a new position in shares of HD Supply during the 2nd quarter valued at about $74,018,000. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of HD Supply by 22,502.6% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,710,114 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 1,702,548 shares during the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lauren Taylor Wolfe purchased 600,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of $38.55 per share, for a total transaction of $23,130,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

Several research analysts have recently weighed in on HDS shares. Buckingham Research cut shares of HD Supply from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 11th. SunTrust Banks boosted their price target on shares of HD Supply to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Co boosted their price target on shares of HD Supply from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Barclays cut shares of HD Supply from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $44.00 to $42.00 in a research report on Thursday, September 26th. Finally, Royal Bank of Canada lowered their price target on shares of HD Supply to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. HD Supply has a consensus rating of “Hold” and a consensus price target of $45.82.

Shares of HDS opened at $40.48 on Thursday. HD Supply Holdings Inc has a 1-year low of $35.35 and a 1-year high of $47.13. The stock has a market cap of $6.77 billion, a PE ratio of 11.91, a P/E/G ratio of 0.71 and a beta of 1.10. The firm has a 50-day simple moving average of $39.53 and a two-hundred day simple moving average of $40.34. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.05 and a quick ratio of 1.10.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that HD Supply Holdings Inc will post 3.5 earnings per share for the current fiscal year.

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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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

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