Squarepoint Ops LLC lowered its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 40.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,720 shares of the industrial products company’s stock after selling 111,606 shares during the period. Squarepoint Ops LLC owned approximately 0.09% of HD Supply worth $6,180,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in HDS. Ledyard National Bank purchased a new stake in HD Supply in the fourth quarter worth approximately $28,000. Penserra Capital Management LLC boosted its holdings in HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 348 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in HD Supply by 46.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 309 shares during the last quarter. Taylor Hoffman Wealth Management purchased a new stake in HD Supply in the fourth quarter worth approximately $37,000. Finally, Truewealth LLC boosted its holdings in HD Supply by 55.1% in the fourth quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 452 shares during the last quarter. 94.32% of the stock is owned by institutional investors.
Shares of HD Supply stock opened at $41.71 on Monday. The firm has a market cap of $7.12 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.25. HD Supply Holdings Inc has a 1-year low of $35.35 and a 1-year high of $46.29. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.13.
Several equities research analysts recently issued reports on HDS shares. Buckingham Research started coverage on shares of HD Supply in a report on Thursday, December 20th. They issued a “buy” rating and a $44.00 target price on the stock. Robert W. Baird upgraded shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 target price on the stock in a report on Friday, January 25th. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Barclays dropped their price target on shares of HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Finally, Raymond James dropped their price target on shares of HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.36.
In related news, Director Jana Partners Llc sold 1,095,983 shares of HD Supply stock in a transaction on Friday, January 11th. The shares were sold at an average price of $37.92, for a total transaction of $41,559,675.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 3,251,545 shares of company stock worth $123,065,335. 0.72% of the stock is owned by corporate insiders.
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HD Supply Profile
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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