Gabelli Funds LLC lowered its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 34.8% in the second quarter, HoldingsChannel.com reports. The firm owned 45,100 shares of the industrial products company’s stock after selling 24,100 shares during the quarter. Gabelli Funds LLC’s holdings in HD Supply were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. NumerixS Investment Technologies Inc lifted its stake in shares of HD Supply by 430.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,600 shares of the industrial products company’s stock worth $457,000 after acquiring an additional 8,600 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of HD Supply in the 2nd quarter worth $106,000. Great West Life Assurance Co. Can lifted its stake in shares of HD Supply by 70.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 104,607 shares of the industrial products company’s stock worth $4,488,000 after acquiring an additional 43,217 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of HD Supply by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,510 shares of the industrial products company’s stock worth $55,481,000 after acquiring an additional 41,363 shares during the period. Finally, Chicago Equity Partners LLC lifted its stake in shares of HD Supply by 33.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 101,935 shares of the industrial products company’s stock worth $4,372,000 after acquiring an additional 25,715 shares during the period. Hedge funds and other institutional investors own 94.87% of the company’s stock.

Shares of NASDAQ HDS opened at $42.54 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 1.30. HD Supply Holdings Inc has a 52 week low of $32.23 and a 52 week high of $46.29. The stock has a market capitalization of $7.82 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.82 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. research analysts anticipate that HD Supply Holdings Inc will post 3.31 EPS for the current fiscal year.

In other HD Supply news, Director Jana Partners Llc sold 1,503,102 shares of the firm’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $43.37, for a total transaction of $65,189,533.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Stegeman sold 57,200 shares of the firm’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the transaction, the insider now owns 95,652 shares of the company’s stock, valued at $4,304,340. The disclosure for this sale can be found here. Insiders sold 2,196,325 shares of company stock valued at $95,704,024 in the last quarter. Company insiders own 0.72% of the company’s stock.

Several research firms have recently commented on HDS. ValuEngine cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James raised their price objective on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday. SunTrust Banks raised their price objective on shares of HD Supply from $50.00 to $52.00 in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, August 31st. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.33.

About HD Supply

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

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