Tocqueville Asset Management L.P. Buys New Stake in HD Supply Holdings Inc (HDS)

Tocqueville Asset Management L.P. bought a new position in HD Supply Holdings Inc (NASDAQ:HDS) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 19,274 shares of the industrial products company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Captrust Financial Advisors increased its stake in shares of HD Supply by 23.4% in the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 285 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of HD Supply by 46.3% during the 4th 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. State of Alaska Department of Revenue increased its position in shares of HD Supply by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 20,650 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 314 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of 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 purchasing an additional 348 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in shares of HD Supply by 2.5% during the 4th quarter. Brown Advisory Inc. now owns 15,313 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 380 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on HDS shares. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, May 22nd. Finally, Royal Bank of Canada raised their target price on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.00.

In other news, CFO Evan Levitt sold 1,500 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $44.70, for a total transaction of $67,050.00. Following the sale, the chief financial officer now owns 35,961 shares of the company’s stock, valued at approximately $1,607,456.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Shares of HDS traded up $0.11 during midday trading on Wednesday, hitting $41.73. The company had a trading volume of 1,266,619 shares, compared to its average volume of 1,474,990. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.13. The stock has a market capitalization of $7.13 billion, a PE ratio of 12.27, a PEG ratio of 0.75 and a beta of 1.25. HD Supply Holdings Inc has a 1 year low of $35.35 and a 1 year high of $47.13.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. HD Supply had a return on equity of 41.40% and a net margin of 6.52%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $0.49 EPS. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts predict that HD Supply Holdings Inc will post 3.69 EPS 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.

See Also: Average Daily Trade Volume – ADTV

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

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