HighTower Advisors LLC Increases Stock Position in HD Supply Holdings Inc (NASDAQ:HDS)
HighTower Advisors LLC boosted its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 184.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,593 shares of the industrial products company’s stock after purchasing an additional 41,248 shares during the quarter. HighTower Advisors LLC’s holdings in HD Supply were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. WASHINGTON TRUST Co bought a new position in HD Supply during the first quarter valued at approximately $34,000. FDx Advisors Inc. bought a new position in HD Supply during the first quarter valued at approximately $50,000. Squar Milner Financial Services LLC grew its position in HD Supply by 25.1% during the first quarter. Squar Milner Financial Services LLC now owns 2,763 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 554 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in HD Supply by 27.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,341 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 511 shares during the last quarter. Finally, Evoke Wealth LLC bought a new position in HD Supply during the first quarter valued at approximately $118,000. 96.50% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:HDS opened at $33.66 on Tuesday. The stock has a market cap of $5.36 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.15. The firm’s fifty day simple moving average is $32.41 and its 200 day simple moving average is $34.95. HD Supply Holdings Inc has a twelve month low of $21.69 and a twelve month high of $43.25. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.70.
HDS has been the topic of a number of recent research reports. Royal Bank of Canada increased their price target on shares of HD Supply from $31.00 to $43.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 10th. BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Bank of America cut shares of HD Supply from a “buy” rating to a “neutral” rating in a report on Tuesday, May 26th. Raymond James cut their target price on shares of HD Supply from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 16th. Finally, Longbow Research cut shares of HD Supply from a “buy” rating to a “neutral” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. HD Supply has an average rating of “Hold” and an average target price of $40.90.
In other news, Director Lauren Taylor Wolfe acquired 95,957 shares of the stock in a transaction on Friday, April 3rd. The stock was acquired at an average price of $25.76 per share, with a total value of $2,471,852.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jana Partners Llc sold 459,129 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.58, for a total value of $16,335,809.82. The disclosure for this sale can be found here. Company insiders own 1.75% of the company’s stock.
About HD Supply
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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