Swiss National Bank boosted its holdings in HD Supply Holdings, Inc. (NASDAQ:HDS) by 121.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 735,700 shares of the industrial products company’s stock after buying an additional 403,185 shares during the period. Swiss National Bank owned approximately 0.36% of HD Supply Holdings worth $22,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HDS. Bronfman E.L. Rothschild L.P. grew its position in shares of HD Supply Holdings by 1.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 49 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of HD Supply Holdings during the 1st quarter valued at $136,000. Tower Research Capital LLC TRC grew its position in shares of HD Supply Holdings by 648.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares in the last quarter. Creative Planning grew its position in shares of HD Supply Holdings by 15.2% during the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of HD Supply Holdings during the 2nd quarter valued at $129,000. Institutional investors and hedge funds own 95.48% of the company’s stock.

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Shares of HD Supply Holdings, Inc. (NASDAQ HDS) opened at 33.45 on Monday. The company has a market capitalization of $6.78 billion, a P/E ratio of 23.01 and a beta of 1.40. HD Supply Holdings, Inc. has a 12-month low of $28.97 and a 12-month high of $44.73. The stock’s 50 day moving average is $31.76 and its 200-day moving average is $36.48.

HD Supply Holdings (NASDAQ:HDS) last posted its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. HD Supply Holdings’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. Analysts anticipate that HD Supply Holdings, Inc. will post $2.19 earnings per share for the current year.

HD Supply Holdings declared that its board has authorized a stock buyback plan on Tuesday, June 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of research firms have recently commented on HDS. UBS AG lowered shares of HD Supply Holdings from a “positive” rating to a “neutral” rating in a research report on Wednesday, June 14th. BidaskClub lowered shares of HD Supply Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Wells Fargo & Company restated an “outperform” rating and set a $40.00 price target (down from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. Deutsche Bank AG lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Friday, June 9th. Finally, Northcoast Research began coverage on shares of HD Supply Holdings in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.14.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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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