Bank of New York Mellon Corp Decreases Stake in HD Supply Holdings Inc. (HDS)
Bank of New York Mellon Corp lowered its stake in HD Supply Holdings Inc. (NASDAQ:HDS) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,294,835 shares of the company’s stock after selling 16,549 shares during the period. Bank of New York Mellon Corp owned 3.63% of HD Supply Holdings worth $233,289,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of HD Supply Holdings by 79.2% in the first quarter. Legal & General Group Plc now owns 55,613 shares of the company’s stock worth $1,839,000 after buying an additional 24,577 shares in the last quarter. LPL Financial LLC boosted its stake in HD Supply Holdings by 0.6% in the first quarter. LPL Financial LLC now owns 54,105 shares of the company’s stock worth $1,787,000 after buying an additional 309 shares during the last quarter. Babson Capital Management LLC boosted its stake in HD Supply Holdings by 0.4% in the first quarter. Babson Capital Management LLC now owns 45,200 shares of the company’s stock worth $1,495,000 after buying an additional 200 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in HD Supply Holdings by 8.8% in the second quarter. BNP Paribas Arbitrage SA now owns 206,401 shares of the company’s stock worth $7,187,000 after buying an additional 16,661 shares during the last quarter. Finally, American National Bank boosted its stake in HD Supply Holdings by 52.4% in the second quarter. American National Bank now owns 53,714 shares of the company’s stock worth $1,870,000 after buying an additional 18,468 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.
Shares of HD Supply Holdings Inc. (NASDAQ:HDS) opened at 39.24 on Thursday. HD Supply Holdings Inc. has a 52-week low of $21.26 and a 52-week high of $39.68. The stock has a 50 day moving average price of $34.49 and a 200-day moving average price of $34.45. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 6.56 and a beta of 1.29.
HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.03. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $0.56 EPS. HD Supply Holdings’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that HD Supply Holdings Inc. will post $2.56 EPS for the current fiscal year.
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A number of brokerages have commented on HDS. Wells Fargo & Co. reaffirmed a “buy” rating on shares of HD Supply Holdings in a research report on Sunday, September 4th. Morgan Stanley set a $35.00 price target on HD Supply Holdings and gave the stock a “hold” rating in a research report on Thursday, September 8th. Zacks Investment Research cut HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. RBC Capital Markets set a $38.00 price objective on HD Supply Holdings and gave the company a “hold” rating in a report on Tuesday, October 25th. Finally, Royal Bank Of Canada decreased their price objective on HD Supply Holdings from $49.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $38.64.
In other news, Chairman Joseph J. Deangelo acquired 32,100 shares of HD Supply Holdings stock in a transaction that occurred on Thursday, September 22nd. The stock was purchased at an average price of $31.07 per share, for a total transaction of $997,347.00. Following the completion of the transaction, the chairman now directly owns 242,782 shares in the company, valued at $7,543,236.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.98% of the company’s stock.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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