Ownership Action To Observe: Institutional Investors Lead Shift in HD Supply Holdings Inc (NASDAQ:HDS) Sentiment

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action To Observe: Institutional Investors Lead Shift in HD Supply Holdings Inc (NASDAQ:HDS) Sentiment

Sentiment for HD Supply Holdings Inc (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) institutional sentiment decreased to 0.87 in 2016 Q2. Its down -0.39, from 1.26 in 2016Q1. The ratio turned negative, as 176 investment professionals opened new or increased equity positions, while 140 reduced and sold stock positions in HD Supply Holdings Inc. The investment professionals in our partner’s database now have: 187.42 million shares, up from 185.74 million shares in 2016Q1. Also, the number of investment professionals holding HD Supply Holdings Inc in their top 10 equity positions decreased from 14 to 9 for a decrease of 5. Sold All: 29 Reduced: 111 Increased: 120 New Position: 56.

HD Supply Holdings, Inc. is an industrial distributor in North America. The company has a market cap of $8.15 billion. The Firm provides a range of products and value-add services to approximately 500,000 clients in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. It has a 7.41 P/E ratio. The Firm operates in three divisions: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.

About 559,579 shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 14.30% since April 28, 2016 and is uptrending. It has outperformed by 8.38% the S&P500.

Analysts await HD Supply Holdings Inc (NASDAQ:HDS) to report earnings on December, 6 before the open. They expect $0.82 EPS, up 24.24% or $0.16 from last year’s $0.66 per share. HDS’s profit will be $168.04M for 12.13 P/E if the $0.82 EPS becomes a reality. After $0.85 actual EPS reported by HD Supply Holdings Inc for the previous quarter, Wall Street now forecasts -3.53% negative EPS growth.

According to Zacks Investment Research, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia.”

Longbow Capital Partners L.P. holds 11.27% of its portfolio in HD Supply Holdings Inc for 14,523 shares. Three Corner Global Investors Lp owns 565,500 shares or 6.76% of their US portfolio. Moreover, Water Asset Management Llc has 4.23% invested in the company for 132,326 shares. The Connecticut-based Sasco Capital Inc Ct has invested 3.86% in the stock. Blue Ridge Capital L.L.C., a New York-based fund reported 8.29 million shares.#img1#

HD Supply Holdings Inc (NASDAQ:HDS) Ratings Coverage

Ratings analysis reveals 78% of HD Supply Holdings’s analysts are positive. Out of 9 Wall Street analysts rating HD Supply Holdings, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $30 while the high is $43. The stock’s average target of $35.75 is -10.13% below today’s ($39.78) share price. HDS was included in 24 notes of analysts from July 30, 2015. On Wednesday, December 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets. The stock has “Overweight” rating given by KeyBanc Capital Markets on Friday, December 18. The stock has “Buy” rating given by Longbow on Thursday, June 2. The rating was initiated by Goldman Sachs on Thursday, October 15 with “Buy”. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Positive” rating given on Tuesday, November 17 by Susquehanna. The firm has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT. Macquarie Research initiated the stock with “Outperform” rating in Friday, August 26 report. RBC Capital Markets downgraded it to “Sector Perform” rating and $35 target price in Tuesday, September 20 report. Barclays Capital maintained HD Supply Holdings Inc (NASDAQ:HDS) on Monday, October 5 with “Overweight” rating.

HDS Company Profile

HD Supply Holdings, Inc., incorporated on June 18, 2007, is an industrial distributor in North America. The Firm provides a range of products and value-add services to approximately 500,000 clients in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Firm operates in three divisions: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap. Facilities Maintenance distributes MRO products, provides value-add services and fabricates custom products. Waterworks distributes lines of water and wastewater transmission products, serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Construction & Industrial-White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors.

Another recent and important HD Supply Holdings Inc (NASDAQ:HDS) news was published by Nasdaq.com which published an article titled: “HD Supply Holdings Reaches Analyst Target Price” on November 16, 2016.

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By Winifred Garcia

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