HD Supply Holdings Inc (HDS) Position Increased by Chicago Equity Partners LLC

Chicago Equity Partners LLC boosted its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 129.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,635 shares of the industrial products company’s stock after acquiring an additional 131,700 shares during the period. Chicago Equity Partners LLC owned 0.13% of HD Supply worth $9,997,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Signition LP bought a new stake in shares of HD Supply during the 3rd quarter valued at $1,672,000. Wedge Capital Management L L P NC boosted its holdings in shares of HD Supply by 15.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 16,497 shares of the industrial products company’s stock valued at $706,000 after buying an additional 2,170 shares in the last quarter. US Bancorp DE boosted its holdings in shares of HD Supply by 40.3% during the 3rd quarter. US Bancorp DE now owns 106,219 shares of the industrial products company’s stock valued at $4,545,000 after buying an additional 30,499 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of HD Supply by 37.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 475,448 shares of the industrial products company’s stock valued at $20,345,000 after buying an additional 128,659 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in shares of HD Supply during the 3rd quarter valued at $230,000. Institutional investors and hedge funds own 95.25% of the company’s stock.

HDS opened at $38.44 on Monday. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $7.06 billion, a PE ratio of 12.90, a P/E/G ratio of 0.84 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 posted its quarterly earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. HD Supply had a return on equity of 36.44% and a net margin of 11.96%. HD Supply’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. Sell-side analysts forecast that HD Supply Holdings Inc will post 3.31 earnings per share for the current fiscal year.

HDS has been the topic of a number of research reports. SunTrust Banks boosted their target price on shares of HD Supply from $50.00 to $52.00 in a report on Thursday, September 6th. Raymond James boosted their target price on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Jefferies Financial Group initiated coverage on shares of HD Supply in a report on Friday, October 12th. They set a “buy” rating and a $48.00 target price on the stock. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Friday, August 31st. Finally, Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $48.00.

In other news, Director Jana Partners Llc sold 621,235 shares of HD Supply stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $42.37, for a total value of $26,321,726.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by insiders.

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: Preferred Stock

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

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