American Century Companies Inc. Purchases 76,707 Shares of HD Supply Holdings Inc (HDS)

American Century Companies Inc. increased its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 67.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,764 shares of the industrial products company’s stock after buying an additional 76,707 shares during the quarter. American Century Companies Inc. owned about 0.11% of HD Supply worth $7,120,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ledyard National Bank bought a new position in HD Supply in the 4th quarter worth approximately $28,000. Penserra Capital Management LLC boosted its stake in HD Supply by 58.4% during the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in HD Supply by 46.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 309 shares in the last quarter. Taylor Hoffman Wealth Management bought a new position in HD Supply during the 4th quarter valued at $37,000. Finally, Truewealth LLC boosted its stake in HD Supply by 55.1% during the 4th quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 452 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Shares of HDS traded up $0.86 during mid-day trading on Friday, reaching $47.00. The company’s stock had a trading volume of 1,023,470 shares, compared to its average volume of 1,465,669. The firm has a market capitalization of $8.03 billion, a P/E ratio of 13.82, a PEG ratio of 0.82 and a beta of 1.25. HD Supply Holdings Inc has a 1 year low of $35.35 and a 1 year high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.13 and a debt-to-equity ratio of 1.66.

HD Supply (NASDAQ:HDS) last released its earnings results on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. HD Supply had a return on equity of 41.40% and a net margin of 6.52%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts expect that HD Supply Holdings Inc will post 3.69 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered HD Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BidaskClub lowered HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Royal Bank of Canada increased their price target on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Robert W. Baird raised HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price target for the company in a research note on Friday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.50.

In related news, CFO Evan Levitt sold 1,500 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $44.70, for a total transaction of $67,050.00. Following the completion of the sale, the chief financial officer now directly owns 35,961 shares in the company, valued at $1,607,456.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

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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 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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