People s United Financial Inc. reduced its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,303 shares of the industrial products company’s stock after selling 95 shares during the quarter. People s United Financial Inc.’s holdings in HD Supply Holdings were worth $744,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. OZ Management LP bought a new position in shares of HD Supply Holdings during the second quarter valued at about $117,147,000. Morgan Stanley grew its stake in shares of HD Supply Holdings by 41.5% during the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock valued at $36,411,000 after buying an additional 259,835 shares during the last quarter. Pacad Investment Ltd. grew its stake in shares of HD Supply Holdings by 33.6% during the second quarter. Pacad Investment Ltd. now owns 44,100 shares of the industrial products company’s stock valued at $1,351,000 after buying an additional 11,089 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of HD Supply Holdings during the second quarter valued at about $3,388,000. Finally, State of Wisconsin Investment Board grew its stake in shares of HD Supply Holdings by 324.8% during the second quarter. State of Wisconsin Investment Board now owns 170,755 shares of the industrial products company’s stock valued at $5,230,000 after buying an additional 130,560 shares during the last quarter.

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Shares of HD Supply Holdings, Inc. (NASDAQ HDS) opened at 36.96 on Thursday. The company has a market capitalization of $6.90 billion, a PE ratio of 11.67 and a beta of 1.41. The company has a 50 day moving average price of $33.37 and a 200 day moving average price of $35.42. HD Supply Holdings, Inc. has a 1-year low of $28.97 and a 1-year high of $44.73.

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

HD Supply Holdings declared that its Board of Directors has approved a share buyback program on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently issued reports on HDS shares. Morgan Stanley cut HD Supply Holdings from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $46.00 to $36.00 in a research note on Wednesday, June 7th. Deutsche Bank AG cut HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday, June 9th. BidaskClub raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Drexel Hamilton cut HD Supply Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $37.00 in a research note on Wednesday, June 7th. Finally, Longbow Research cut HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. HD Supply Holdings presently has an average rating of “Hold” and a consensus price target of $38.21.

HD Supply Holdings Company 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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