Boston Partners cut its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 2,784,112 shares of the industrial products company’s stock after selling 179,677 shares during the period. Boston Partners’ holdings in HD Supply Holdings were worth $85,278,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in HD Supply Holdings by 17,050.5% in the first quarter. BlackRock Inc. now owns 8,197,945 shares of the industrial products company’s stock worth $337,140,000 after buying an additional 8,150,145 shares in the last quarter. FMR LLC increased its position in HD Supply Holdings by 11.7% in the first quarter. FMR LLC now owns 25,400,170 shares of the industrial products company’s stock worth $1,044,582,000 after buying an additional 2,661,459 shares in the last quarter. PNC Financial Services Group Inc. increased its position in HD Supply Holdings by 11,034.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,605,258 shares of the industrial products company’s stock worth $66,016,000 after buying an additional 1,590,841 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in HD Supply Holdings during the first quarter worth approximately $46,442,000. Finally, Marshall Wace North America L.P. purchased a new position in HD Supply Holdings during the first quarter worth approximately $46,442,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.

HD Supply Holdings, Inc. (HDS) opened at 30.76 on Friday. HD Supply Holdings, Inc. has a one year low of $28.97 and a one year high of $44.73. The firm has a market cap of $6.23 billion, a P/E ratio of 21.16 and a beta of 1.41. The firm’s 50-day moving average price is $31.15 and its 200 day moving average price is $37.99.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.

HD Supply Holdings announced that its Board of Directors has initiated a share repurchase program on Tuesday, June 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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HDS has been the topic of a number of research reports. Raymond James Financial, Inc. upgraded HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Friday, April 21st. Deutsche Bank AG downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a report on Friday, June 9th. Robert W. Baird downgraded HD Supply Holdings from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of HD Supply Holdings in a report on Wednesday, June 14th. Finally, Drexel Hamilton downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.64.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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

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