Great West Life Assurance Co. Can continued to hold its stake in HD Supply Holdings, Inc. (NASDAQ:HDS) during the first quarter, Holdings Channel reports. The institutional investor owned 20,587 shares of the industrial products company’s stock at the end of the first quarter. Great West Life Assurance Co. Can’s holdings in HD Supply Holdings were worth $845,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of HD Supply Holdings by 7.6% in the first quarter. Wells Fargo & Company MN now owns 4,363,655 shares of the industrial products company’s stock valued at $179,456,000 after buying an additional 310,029 shares during the period. State Street Corp boosted its stake in shares of HD Supply Holdings by 2.1% in the fourth quarter. State Street Corp now owns 2,459,201 shares of the industrial products company’s stock valued at $104,548,000 after buying an additional 51,698 shares during the period. Norges Bank acquired a new stake in shares of HD Supply Holdings during the fourth quarter valued at $66,302,000. Allianz Asset Management AG boosted its stake in shares of HD Supply Holdings by 118.9% in the fourth quarter. Allianz Asset Management AG now owns 1,032,233 shares of the industrial products company’s stock valued at $43,880,000 after buying an additional 560,608 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of HD Supply Holdings by 44.8% in the first quarter. Nationwide Fund Advisors now owns 825,048 shares of the industrial products company’s stock valued at $33,930,000 after buying an additional 255,287 shares during the period. Institutional investors own 96.97% of the company’s stock.
Shares of HD Supply Holdings, Inc. (NASDAQ HDS) opened at 31.72 on Friday. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 21.82 and a beta of 1.37. The firm’s 50-day moving average is $38.47 and its 200-day moving average is $40.90. HD Supply Holdings, Inc. has a 12-month low of $30.05 and a 12-month high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.
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HDS has been the subject of several analyst reports. Credit Suisse Group reiterated a “buy” rating on shares of HD Supply Holdings in a research note on Thursday, March 16th. Zacks Investment Research raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, March 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 target price on shares of HD Supply Holdings in a report on Sunday, March 12th. Morgan Stanley lowered shares of HD Supply Holdings from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. Finally, Deutsche Bank AG lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.15.
In other news, Director Betsy S. Atkins sold 3,096 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $40.50, for a total value of $125,388.00. Following the transaction, the director now owns 3,868 shares in the company, valued at $156,654. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph J. Deangelo sold 712,145 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $40.80, for a total transaction of $29,055,516.00. Following the completion of the transaction, the chairman now owns 628,426 shares in the company, valued at approximately $25,639,780.80. The disclosure for this sale can be found here. Insiders sold 1,315,241 shares of company stock worth $53,624,904 in the last 90 days. Company insiders own 1.16% of the company’s stock.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
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