Chevy Chase Trust Holdings Inc. acquired a new stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 128,853 shares of the industrial products company’s stock, valued at approximately $5,527,000. Chevy Chase Trust Holdings Inc. owned approximately 0.07% of HD Supply at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of HD Supply by 12.2% in the 2nd quarter. Victory Capital Management Inc. now owns 94,771 shares of the industrial products company’s stock valued at $4,065,000 after buying an additional 10,313 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of HD Supply in the 2nd quarter valued at approximately $686,000. Ifrah Financial Services Inc. purchased a new stake in shares of HD Supply in the 2nd quarter valued at approximately $564,000. Wells Fargo & Company MN grew its stake in shares of HD Supply by 85.7% in the 2nd quarter. Wells Fargo & Company MN now owns 710,958 shares of the industrial products company’s stock valued at $30,493,000 after buying an additional 328,151 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of HD Supply in the 2nd quarter valued at approximately $4,478,000. 95.69% of the stock is owned by institutional investors.

HDS has been the subject of several analyst reports. TheStreet raised shares of HD Supply from a “c+” rating to a “b” rating in a research note on Thursday, June 7th. ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. Wells Fargo & Co set a $50.00 price target on shares of HD Supply and gave the company a “buy” rating in a research note on Wednesday, June 6th. Finally, Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Thursday, May 24th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. HD Supply has an average rating of “Buy” and a consensus target price of $43.55.

In other news, CEO William P. Stengel II sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief executive officer now directly owns 2,112 shares in the company, valued at approximately $87,648. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Stegeman sold 18,826 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $42.71, for a total transaction of $804,058.46. Following the completion of the transaction, the insider now owns 85,194 shares in the company, valued at $3,638,635.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,268,705 shares of company stock worth $98,756,483. Company insiders own 0.72% of the company’s stock.

Shares of HDS stock opened at $43.75 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.40. HD Supply Holdings Inc has a one year low of $30.01 and a one year high of $45.24. The company has a market capitalization of $8.04 billion, a PE ratio of 18.90, a P/E/G ratio of 0.86 and a beta of 1.17.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 5th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. HD Supply had a net margin of 18.40% and a return on equity of 35.61%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was down 25.8% compared to the same quarter last year. equities analysts expect that HD Supply Holdings Inc will post 3.25 earnings per share for the current year.

HD Supply 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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, 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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