Centiva Capital LP acquired a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,764 shares of the company's stock, valued at approximately $480,000.
Several other large investors also recently added to or reduced their stakes in FERG. Integrated Wealth Concepts LLC boosted its holdings in Ferguson by 6.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,214 shares of the company's stock valued at $211,000 after acquiring an additional 74 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Ferguson by 1.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,390 shares of the company's stock valued at $1,109,000 after purchasing an additional 80 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Ferguson by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,834 shares of the company's stock valued at $4,137,000 after purchasing an additional 86 shares during the last quarter. Caprock Group LLC grew its position in shares of Ferguson by 2.8% during the 4th quarter. Caprock Group LLC now owns 3,496 shares of the company's stock worth $610,000 after buying an additional 94 shares during the period. Finally, Assetmark Inc. lifted its holdings in Ferguson by 41.1% in the fourth quarter. Assetmark Inc. now owns 333 shares of the company's stock valued at $58,000 after buying an additional 97 shares during the period. 81.98% of the stock is owned by institutional investors and hedge funds.
Ferguson Stock Performance
Shares of FERG traded up $0.58 during mid-day trading on Tuesday, hitting $177.19. 1,018,159 shares of the company's stock were exchanged, compared to its average volume of 1,605,827. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The stock's 50-day simple moving average is $164.12 and its 200-day simple moving average is $179.83. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the prior year, the business earned $1.74 earnings per share. Ferguson's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were paid a $0.83 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $3.32 annualized dividend and a dividend yield of 1.87%. Ferguson's payout ratio is 40.84%.
Analyst Ratings Changes
A number of brokerages have weighed in on FERG. Zelman & Associates lowered shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 17th. Morgan Stanley began coverage on Ferguson in a research report on Monday, February 3rd. They issued an "overweight" rating and a $204.00 target price on the stock. Robert W. Baird set a $190.00 price target on Ferguson and gave the stock an "outperform" rating in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferguson in a research note on Tuesday, April 1st. They set a "hold" rating and a $174.00 price target for the company. Finally, Oppenheimer cut their price objective on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ferguson presently has an average rating of "Moderate Buy" and an average target price of $199.38.
Get Our Latest Stock Analysis on FERG
About Ferguson
(
Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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