Quantitative Systematic Strategies LLC Has $2.05 Million Stake in HD Supply Holdings Inc (HDS)

Share on StockTwits

Quantitative Systematic Strategies LLC lowered its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 37.1% during the first quarter, HoldingsChannel.com reports. The firm owned 47,308 shares of the industrial products company’s stock after selling 27,875 shares during the period. Quantitative Systematic Strategies LLC’s holdings in HD Supply were worth $2,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ledyard National Bank bought a new stake in shares of HD Supply in the fourth quarter worth $28,000. Penserra Capital Management LLC increased its stake in shares of HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of HD Supply by 46.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock worth $37,000 after buying an additional 309 shares during the last quarter. Taylor Hoffman Wealth Management bought a new stake in shares of HD Supply in the fourth quarter worth $37,000. Finally, Truewealth LLC increased its stake in shares of HD Supply by 55.1% in the fourth quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock worth $48,000 after buying an additional 452 shares during the last quarter. Institutional investors own 98.48% of the company’s stock.

In other news, CFO Evan Levitt sold 1,500 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $44.70, for a total transaction of $67,050.00. Following the completion of the transaction, the chief financial officer now owns 35,961 shares of the company’s stock, valued at $1,607,456.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

A number of brokerages recently issued reports on HDS. BidaskClub lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Zacks Investment Research lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Royal Bank of Canada lifted their price target on shares of HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Robert W. Baird raised shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price objective for the company in a report on Friday, January 25th. Finally, Buckingham Research assumed coverage on shares of HD Supply in a report on Thursday, December 20th. They issued a “buy” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. HD Supply presently has an average rating of “Buy” and an average target price of $46.50.

HD Supply stock traded down $0.48 during mid-day trading on Monday, reaching $44.20. The company’s stock had a trading volume of 847,381 shares, compared to its average volume of 1,560,218. The company has a market cap of $7.63 billion, a PE ratio of 13.00, a P/E/G ratio of 0.80 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.13 and a quick ratio of 1.10. HD Supply Holdings Inc has a twelve month low of $35.35 and a twelve month high of $46.29.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities research analysts anticipate that HD Supply Holdings Inc will post 3.69 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://weekherald.com/2019/04/15/quantitative-systematic-strategies-llc-has-2-05-million-stake-in-hd-supply-holdings-inc-hds.html.

HD Supply Company 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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

Further Reading: What is a balanced fund?

Want to see what other hedge funds are holding HDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HD Supply Holdings Inc (NASDAQ:HDS).

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

Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.