Dynamic Technology Lab Private Ltd Sells 44,792 Shares of HD Supply Holdings Inc (HDS)

Dynamic Technology Lab Private Ltd lowered its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 52.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,224 shares of the industrial products company’s stock after selling 44,792 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in HD Supply were worth $1,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Amalgamated Bank raised its holdings in shares of HD Supply by 6.8% during the first quarter. Amalgamated Bank now owns 39,943 shares of the industrial products company’s stock valued at $1,515,000 after buying an additional 2,540 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of HD Supply by 4.0% during the first quarter. Royal Bank of Canada now owns 217,675 shares of the industrial products company’s stock valued at $8,257,000 after buying an additional 8,358 shares during the last quarter. Atlantic Trust Group LLC raised its holdings in shares of HD Supply by 2.7% during the first quarter. Atlantic Trust Group LLC now owns 361,826 shares of the industrial products company’s stock valued at $13,727,000 after buying an additional 9,410 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of HD Supply by 27.0% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 178,800 shares of the industrial products company’s stock valued at $6,784,000 after buying an additional 38,000 shares during the last quarter. Finally, Anson Funds Management LP raised its holdings in shares of HD Supply by 793.2% during the first quarter. Anson Funds Management LP now owns 392,125 shares of the industrial products company’s stock valued at $6,610,000 after buying an additional 348,225 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:HDS opened at $44.46 on Friday. HD Supply Holdings Inc has a 12 month low of $28.97 and a 12 month high of $44.47. The company has a market cap of $8.00 billion, a P/E ratio of 19.25, a PEG ratio of 0.86 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.40.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, June 5th. The industrial products company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. HD Supply had a return on equity of 35.61% and a net margin of 18.40%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was down 25.8% compared to the same quarter last year. analysts anticipate that HD Supply Holdings Inc will post 3.25 earnings per share for the current fiscal year.

HDS has been the topic of a number of recent analyst reports. TheStreet raised HD Supply from a “c+” rating to a “b” rating in a report on Thursday, June 7th. SunTrust Banks raised HD Supply from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.01 to $48.00 in a report on Thursday, March 15th. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Wells Fargo & Co set a $50.00 price target on HD Supply and gave the company a “buy” rating in a report on Wednesday, June 6th. Finally, ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.27.

In other HD Supply news, CEO William P. Stengel II sold 30,000 shares of HD Supply stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief executive officer now owns 2,112 shares in the company, valued at $87,648. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Stegeman sold 18,826 shares of HD Supply stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $42.71, for a total transaction of $804,058.46. Following the completion of the transaction, the insider now owns 85,194 shares in the company, valued at approximately $3,638,635.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,380 shares of company stock worth $3,052,459. 0.72% of the stock is owned by corporate insiders.

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.

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

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