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The Home Depot Completes Acquisition of GMS Inc. Through Subsidiary SRS Distribution

The Home Depot Inc. has completed its acquisition of GMS Inc. through SRS Distribution Inc. for approximately $5.5 billion, including net debt. The deal was finalized after accepting all validly tendered shares at $110 per share in cash. This acquisition aims to enhance The Home Depot’s offerings for professional contractors by integrating GMS’s specialty building products, thereby strengthening its market position.

Reuters·
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GMS
0.00%
US
HD
+3.29%
Reuters·
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GMS
0.00%
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HD
+3.29%

The Home Depot's SRS Distribution to Acquire GMS, Enhancing Offerings for Professional Contractors

The Home Depot's subsidiary, SRS Distribution Inc., has entered into a definitive agreement to acquire GMS Inc., a leading North American specialty building products distributor. This acquisition aims to enhance The Home Depot's distribution capabilities for professional contractors, improving product offerings and services. The deal will be funded through cash and debt, with GMS continuing under its current leadership. The Home Depot expects the acquisition to positively impact adjusted EPS in the first year post-closing, excluding synergies.

Reuters·
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HD
+3.29%
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0.00%
Reuters·
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HD
+3.29%
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SRS Capital Advisors Inc. Buys 14,775 Shares of Alphabet Inc. (NASDAQ:GOOGL)

SRS Capital Advisors Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 83.9% in Q4, acquiring an additional 14,775 shares, bringing its total to 32,382 shares valued at $6.13 million. Other institutional investors also adjusted their positions in GOOGL. The stock opened at $165.49, with a market cap of $2.02 trillion and a PE ratio of 20.56. Alphabet recently declared a quarterly dividend of $0.20, with a yield of 0.48%. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $210.62.

Market Beat·
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SRS
-2.47%
Market Beat·
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SRS
-2.47%

SRS Capital Advisors Inc. Has $271,000 Holdings in Markel Group Inc. (NYSE:MKL)

SRS Capital Advisors Inc. reduced its holdings in Markel Group Inc. (NYSE:MKL) by 63.3% in Q4, now owning 157 shares valued at $271,000. Other investors also adjusted their positions, with 77.12% of the stock held by institutional investors. Markel's stock opened at $1,868.10, with a market cap of $23.86 billion. The company reported Q4 earnings of $20.51 per share, missing estimates. Analysts have mixed ratings on the stock, with an average rating of "Hold" and a consensus price target of $1,685.17.

Market Beat·
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SRS
-2.47%
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MKL
-0.30%
Market Beat·
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SRS
-2.47%
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MKL
-0.30%

American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 435.1% in Q4, owning 7,186 shares valued at $663,000. Other investors like Janus Henderson and State Street also boosted their stakes. AEP's stock opened at $106.05, with a market cap of $56.55 billion. The company reported $1.24 EPS, matching estimates, and declared a quarterly dividend of $0.93. Analysts have mixed ratings on AEP, with price targets ranging from $95 to $102.

Market Beat·
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AEP
-0.05%
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SRS
-2.47%
Market Beat·
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AEP
-0.05%
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SRS
-2.47%