Benjamin F. Edwards & Company Inc. Has $40,000 Holdings in HD Supply Holdings Inc (HDS)

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Benjamin F. Edwards & Company Inc. lessened its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 18.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,075 shares of the industrial products company’s stock after selling 250 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in HD Supply were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HDS. Ledyard National Bank acquired a new position in HD Supply during the fourth quarter valued at approximately $28,000. Legacy Financial Advisors Inc. grew its holdings in HD Supply by 46.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 309 shares during the last quarter. Truewealth LLC grew its holdings in HD Supply by 55.1% during the fourth quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 452 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in HD Supply during the third quarter valued at approximately $230,000. Finally, First Hawaiian Bank acquired a new position in HD Supply during the third quarter valued at approximately $259,000. Institutional investors own 97.36% of the company’s stock.

Several equities analysts have commented on HDS shares. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, November 8th. Robert W. Baird raised HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price objective for the company in a research report on Friday, January 25th. Buckingham Research began coverage on HD Supply in a research report on Thursday, December 20th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Barclays reduced their price objective on HD Supply from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.60.

In other news, Chairman Joseph J. Deangelo bought 50,000 shares of HD Supply stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $36.99 per share, with a total value of $1,849,500.00. Following the completion of the transaction, the chairman now directly owns 292,618 shares in the company, valued at $10,823,939.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jana Partners Llc sold 588,300 shares of the firm’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $37.71, for a total value of $22,184,793.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,251,545 shares of company stock valued at $123,065,335. 0.72% of the stock is owned by company insiders.

HDS opened at $43.34 on Thursday. The company has a market capitalization of $7.70 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.27. HD Supply Holdings Inc has a 1-year low of $34.75 and a 1-year high of $46.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.05 and a quick ratio of 1.11.

HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, December 4th. The industrial products company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. HD Supply had a return on equity of 38.09% and a net margin of 5.07%. HD Supply’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. As a group, sell-side analysts predict that HD Supply Holdings Inc will post 3.36 EPS for the current year.

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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.

Further Reading: Why do company’s buyback their stock?

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

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