TD Asset Management Inc. raised its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,777 shares of the industrial products company’s stock after acquiring an additional 8,987 shares during the quarter. TD Asset Management Inc. owned approximately 0.17% of HD Supply worth $13,415,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Global X Management Co. LLC lifted its holdings in shares of HD Supply by 175.0% during the first quarter. Global X Management Co. LLC now owns 38,338 shares of the industrial products company’s stock worth $1,455,000 after buying an additional 24,399 shares during the last quarter. Twin Capital Management Inc. lifted its stake in shares of HD Supply by 127.6% during the first quarter. Twin Capital Management Inc. now owns 69,413 shares of the industrial products company’s stock valued at $2,634,000 after acquiring an additional 38,917 shares during the period. Stanley Laman Group Ltd. acquired a new position in HD Supply in the first quarter valued at about $895,000. New York State Teachers Retirement System lifted its stake in HD Supply by 15.9% in the first quarter. New York State Teachers Retirement System now owns 16,800 shares of the industrial products company’s stock valued at $637,000 after buying an additional 2,300 shares during the period. Finally, Westpac Banking Corp lifted its stake in HD Supply by 178.9% in the first quarter. Westpac Banking Corp now owns 45,791 shares of the industrial products company’s stock valued at $1,737,000 after buying an additional 29,371 shares during the period. 94.87% of the stock is currently owned by institutional investors.
In other HD Supply news, insider John Stegeman sold 18,826 shares of HD Supply 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 sale, the insider now directly owns 85,194 shares of the company’s stock, valued at approximately $3,638,635.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Llc sold 1,503,102 shares of HD Supply stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $43.37, for a total transaction of $65,189,533.74. The disclosure for this sale can be found here. Insiders have sold 2,238,705 shares of company stock worth $97,511,483 in the last 90 days. Company insiders own 0.72% of the company’s stock.
Shares of NASDAQ HDS opened at $45.59 on Friday. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.89 and a beta of 1.17. HD Supply Holdings Inc has a 1-year low of $31.26 and a 1-year high of $46.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.15 and a quick ratio of 1.16.
HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 5th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. HD Supply had a return on equity of 35.61% and a net margin of 18.40%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was down 25.8% compared to the same quarter last year. analysts anticipate that HD Supply Holdings Inc will post 3.27 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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