ClariVest Asset Management LLC cut its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,339 shares of the industrial products company’s stock after selling 500 shares during the quarter. ClariVest Asset Management LLC’s holdings in HD Supply were worth $1,662,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Investors Research Corp bought a new stake in HD Supply in the first quarter worth about $30,000. Penserra Capital Management LLC raised its holdings in HD Supply by 58.4% during the 4th 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 period. Quadrant Capital Group LLC raised its holdings in HD Supply by 610.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock worth $52,000 after buying an additional 1,068 shares during the period. FinTrust Capital Advisors LLC raised its holdings in HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after buying an additional 350 shares during the period. Finally, Captrust Financial Advisors raised its holdings in HD Supply by 23.4% during the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 95.12% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Wells Fargo & Co cut their price objective on HD Supply from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday. Northcoast Research restated a “buy” rating on shares of HD Supply in a report on Wednesday. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada boosted their price objective on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.54.

In other news, CFO Evan Levitt sold 44,167 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the transaction, the chief financial officer now owns 47,628 shares in the company, valued at approximately $2,055,624.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

NASDAQ HDS opened at $39.51 on Friday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.67 and a beta of 1.27. HD Supply Holdings Inc has a 1 year low of $35.35 and a 1 year high of $47.13. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 2.06.

HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. On average, sell-side analysts expect that HD Supply Holdings Inc will post 3.6 earnings per share for the current year.

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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 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.

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

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