Probity Advisors Inc. Increases Position in HD Supply Holdings, Inc. (NASDAQ:HDS)

Probity Advisors Inc. boosted its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,803 shares of the industrial products company’s stock after buying an additional 876 shares during the period. Probity Advisors Inc.’s holdings in HD Supply Holdings were worth $484,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HDS. Harbour Capital Advisors LLC increased its stake in shares of HD Supply Holdings by 2,860.1% in the second quarter. Harbour Capital Advisors LLC now owns 198,329 shares of the industrial products company’s stock worth $6,475,000 after buying an additional 191,629 shares during the period. Tower Bridge Advisors boosted its position in HD Supply Holdings by 30.5% in the second quarter. Tower Bridge Advisors now owns 95,428 shares of the industrial products company’s stock worth $2,923,000 after buying an additional 22,297 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in HD Supply Holdings during the second quarter worth approximately $425,000. Shell Asset Management Co. boosted its position in HD Supply Holdings by 97.5% in the second quarter. Shell Asset Management Co. now owns 17,274 shares of the industrial products company’s stock worth $529,000 after buying an additional 8,529 shares in the last quarter. Finally, Aperio Group LLC boosted its position in HD Supply Holdings by 8.0% in the second quarter. Aperio Group LLC now owns 35,206 shares of the industrial products company’s stock worth $1,078,000 after buying an additional 2,613 shares in the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.

Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 30.39 on Friday. 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 $31.13 and its 200 day moving average is $37.56. The stock has a market capitalization of $6.16 billion, a PE ratio of 20.90 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. 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 stock repurchase plan on Tuesday, June 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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HDS has been the topic of a number of recent research reports. Longbow Research cut HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. raised HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Friday, April 21st. ValuEngine lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Robert W. Baird lowered shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $39.00 price objective (down from $53.00) on shares of HD Supply Holdings in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.57.

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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