World Asset Management Inc Sells 677 Shares of HD Supply Holdings Inc (NASDAQ:HDS)

World Asset Management Inc lowered its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,617 shares of the industrial products company’s stock after selling 677 shares during the quarter. World Asset Management Inc’s holdings in HD Supply were worth $226,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HDS. Investors Research Corp bought a new stake in shares of HD Supply in the 1st quarter valued at about $30,000. Quadrant Capital Group LLC raised its holdings in shares of HD Supply by 610.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,068 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of HD Supply by 36.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 350 shares in the last quarter. Pearl River Capital LLC raised its holdings in shares of HD Supply by 781.1% in the 1st quarter. Pearl River Capital LLC now owns 2,000 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Truewealth LLC raised its holdings in shares of HD Supply by 94.3% in the 1st quarter. Truewealth LLC now owns 2,473 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.

HDS has been the subject of several recent research reports. Longbow Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, June 3rd. Buckingham Research cut their price objective on shares of HD Supply from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, June 18th. ValuEngine downgraded shares of HD Supply from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Northcoast Research reaffirmed a “buy” rating on shares of HD Supply in a research report on Wednesday, June 12th. Finally, Wells Fargo & Co cut their price objective on shares of HD Supply from $55.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. HD Supply presently has a consensus rating of “Buy” and a consensus target price of $47.50.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by insiders.

Shares of HD Supply stock traded down $0.18 on Tuesday, reaching $38.10. The stock had a trading volume of 40,905 shares, compared to its average volume of 1,554,622. The firm’s 50 day moving average price is $39.90. The company has a quick ratio of 1.07, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. 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 $6.70 billion, a PE ratio of 11.21, a P/E/G ratio of 0.66 and a beta of 1.13.

HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. HD Supply’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, equities research analysts anticipate that HD Supply Holdings Inc will post 3.59 earnings per share for the current year.

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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