Mn Services Vermogensbeheer B.V. bought a new position in HD Supply Holdings, Inc. (NASDAQ:HDS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 32,750 shares of the industrial products company’s stock, valued at approximately $1,003,000.

Other institutional investors have also modified their holdings of the company. Boston Advisors LLC purchased a new position in HD Supply Holdings during the first quarter worth about $13,167,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of HD Supply Holdings during the first quarter worth $1,002,000. Mountain Pacific Investment Advisers Inc. ID raised its stake in shares of HD Supply Holdings by 7.1% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 338,948 shares of the industrial products company’s stock worth $13,939,000 after buying an additional 22,578 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of HD Supply Holdings during the first quarter worth $414,000. Finally, Inverness Counsel LLC NY bought a new stake in shares of HD Supply Holdings during the first quarter worth $18,021,000. Institutional investors own 97.60% of the company’s stock.

HD Supply Holdings, Inc. (NASDAQ HDS) traded up 0.70% during trading on Monday, reaching $31.81. 2,008,290 shares of the company’s stock traded hands. HD Supply Holdings, Inc. has a one year low of $28.97 and a one year high of $44.73. The company has a 50-day moving average price of $31.34 and a 200 day moving average price of $38.52. The firm has a market capitalization of $6.45 billion, a PE ratio of 21.88 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current fiscal year.

HD Supply Holdings announced that its board has approved a share repurchase plan on Tuesday, June 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently commented on the stock. UBS AG raised shares of HD Supply Holdings to an “outperform” rating and set a $44.00 price objective on the stock in a research note on Wednesday, April 19th. BidaskClub cut shares of HD Supply Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Deutsche Bank AG cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a report on Friday, June 9th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $40.00 target price (down from $48.00) on shares of HD Supply Holdings in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $53.00 price objective on shares of HD Supply Holdings in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. HD Supply Holdings currently has an average rating of “Hold” and an average price target of $40.50.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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

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