SG Americas Securities LLC Takes Position in HD Supply Holdings Inc (HDS)

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SG Americas Securities LLC bought a new position in HD Supply Holdings Inc (NASDAQ:HDS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,947 shares of the industrial products company’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Chicago Equity Partners LLC increased its position in HD Supply by 33.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 101,935 shares of the industrial products company’s stock valued at $4,372,000 after purchasing an additional 25,715 shares during the period. Bank of America Corp DE increased its position in HD Supply by 67.0% during the 2nd quarter. Bank of America Corp DE now owns 980,828 shares of the industrial products company’s stock valued at $42,068,000 after purchasing an additional 393,333 shares during the period. Intrinsic Edge Capital Management LLC purchased a new position in HD Supply during the 2nd quarter valued at $10,268,000. O Shaughnessy Asset Management LLC increased its position in HD Supply by 461.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 924,456 shares of the industrial products company’s stock valued at $39,419,000 after purchasing an additional 759,863 shares during the period. Finally, California Public Employees Retirement System increased its position in HD Supply by 10.5% during the 2nd quarter. California Public Employees Retirement System now owns 535,147 shares of the industrial products company’s stock valued at $22,952,000 after purchasing an additional 50,966 shares during the period. 98.10% of the stock is currently owned by institutional investors.

Shares of HDS stock opened at $37.65 on Wednesday. HD Supply Holdings Inc has a 12 month low of $34.49 and a 12 month high of $46.29. The firm has a market cap of $6.50 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.11 and a debt-to-equity ratio of 1.18.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 4th. The industrial products company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. HD Supply had a net margin of 5.07% and a return on equity of 38.09%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, analysts expect that HD Supply Holdings Inc will post 3.42 earnings per share for the current year.

A number of research analysts have issued reports on the stock. Raymond James boosted their price objective 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. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a report on Thursday, August 30th. SunTrust Banks boosted their target price on shares of HD Supply from $50.00 to $52.00 in a report on Thursday, September 6th. Finally, BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $47.67.

In related news, Director Jana Partners Llc sold 621,235 shares of the company’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $42.37, for a total value of $26,321,726.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph J. Deangelo purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $36.99 per share, for a total transaction of $1,849,500.00. Following the purchase, the chairman now owns 292,618 shares in the company, valued at $10,823,939.82. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

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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.

Read More: Systematic Risk

Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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