Wedge Capital Management L L P NC increased its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 15.1% during the 3rd quarter, Holdings Channel reports. The fund owned 16,497 shares of the industrial products company’s stock after buying an additional 2,170 shares during the period. Wedge Capital Management L L P NC’s holdings in HD Supply were worth $706,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HDS. Massey Quick Simon & CO. LLC acquired a new position in HD Supply during the second quarter valued at approximately $106,000. Captrust Financial Advisors lifted its position in HD Supply by 7,921.9% during the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after buying an additional 2,535 shares in the last quarter. Cornerstone Advisors Inc. acquired a new position in HD Supply during the second quarter valued at approximately $141,000. Twin Tree Management LP acquired a new position in HD Supply during the second quarter valued at approximately $149,000. Finally, Aviance Capital Management LLC lifted its position in HD Supply by 53.4% during the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,401 shares in the last quarter. 95.25% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Jana Partners Llc sold 861,499 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.39, for a total transaction of $37,380,441.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.
HD Supply (NASDAQ:HDS) last posted its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities research analysts anticipate that HD Supply Holdings Inc will post 3.31 earnings per share for the current year.
A number of research analysts have weighed in on HDS shares. BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Northcoast Research raised shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. SunTrust Banks lifted their price target on shares of HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. Finally, Raymond James lifted their price target on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.67.
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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