HD Supply Holdings, Inc. (HDS) is Cannell Peter B & Co. Inc.’s 5th Largest Position

Cannell Peter B & Co. Inc. boosted its stake in HD Supply Holdings, Inc. (NASDAQ:HDS) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,898,195 shares of the industrial products company’s stock after buying an additional 14,645 shares during the period. HD Supply Holdings accounts for approximately 2.4% of Cannell Peter B & Co. Inc.’s investment portfolio, making the stock its 5th largest holding. Cannell Peter B & Co. Inc. owned 1.02% of HD Supply Holdings worth $68,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in HD Supply Holdings by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 669,461 shares of the industrial products company’s stock valued at $27,531,000 after buying an additional 15,264 shares in the last quarter. KCG Holdings Inc. purchased a new stake in HD Supply Holdings in the 1st quarter worth about $317,000. Bank of Montreal Can lifted its stake in HD Supply Holdings by 865.7% in the 2nd quarter. Bank of Montreal Can now owns 15,046 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 13,488 shares in the last quarter. Creative Planning lifted its stake in HD Supply Holdings by 15.2% in the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 500 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its stake in HD Supply Holdings by 0.5% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 101,703 shares of the industrial products company’s stock worth $3,115,000 after acquiring an additional 474 shares in the last quarter. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) traded down $0.09 during mid-day trading on Tuesday, hitting $34.80. The company had a trading volume of 1,280,123 shares, compared to its average volume of 2,716,273. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. HD Supply Holdings, Inc. has a 1-year low of $28.97 and a 1-year high of $44.73. The company has a market cap of $6,530.00, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. sell-side analysts predict that HD Supply Holdings, Inc. will post 2.21 earnings per share for the current fiscal year.

HD Supply Holdings announced that its board has initiated a share buyback plan on Tuesday, August 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. ValuEngine raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $35.00 price target on shares of HD Supply Holdings in a research note on Friday, November 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.00 price target on shares of HD Supply Holdings in a research note on Wednesday, August 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target (up from $37.00) on shares of HD Supply Holdings in a research note on Monday, October 2nd. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. HD Supply Holdings has an average rating of “Hold” and a consensus price target of $38.50.

HD Supply Holdings Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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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