SCS Capital Management LLC Invests $435,000 in Ferguson plc $FERG

Key Points

• SCS Capital Management LLC acquired a new stake in Ferguson plc, purchasing 2,706 shares valued at approximately $435,000.
• Ferguson recently announced a quarterly dividend of $0.83 per share, representing an annualized yield of 1.5% and a payout ratio of 41.40%.
• Analysts generally have a positive outlook on Ferguson, with an average rating of "Moderate Buy" and a consensus target price of $221.00.

SCS Capital Management LLC acquired a new stake in Ferguson plc (NASDAQ:FERG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,706 shares of the company's stock, valued at approximately $435,000.

Other large investors also recently bought and sold shares of the company. Untitled Investments LP acquired a new position in Ferguson in the first quarter valued at $5,953,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Ferguson by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,932,959 shares of the company's stock worth $309,718,000 after buying an additional 205,531 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ferguson by 14.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,782 shares of the company's stock worth $928,000 after buying an additional 722 shares during the period. Fiera Capital Corp boosted its stake in shares of Ferguson by 37.5% during the first quarter. Fiera Capital Corp now owns 13,042 shares of the company's stock worth $2,090,000 after buying an additional 3,559 shares during the period. Finally, Empower Advisory Group LLC acquired a new stake in shares of Ferguson during the first quarter worth about $843,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Price Performance

Ferguson stock traded down $4.00 during mid-day trading on Wednesday, reaching $227.54. The company had a trading volume of 635,788 shares, compared to its average volume of 1,746,510. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $243.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The company has a market capitalization of $44.87 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.69 and a beta of 1.15. The stock's 50-day simple moving average is $226.62 and its 200-day simple moving average is $197.11.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a yield of 1.5%. Ferguson's dividend payout ratio (DPR) is 41.40%.

Analyst Upgrades and Downgrades

FERG has been the subject of several recent research reports. Oppenheimer increased their target price on shares of Ferguson from $235.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday. Morgan Stanley reiterated an "overweight" rating on shares of Ferguson in a research note on Wednesday, September 10th. Barclays increased their target price on shares of Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on shares of Ferguson from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, September 4th. Finally, Berenberg Bank reissued a "hold" rating and set a $215.00 price target on shares of Ferguson in a report on Thursday, June 5th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.86.

Ferguson Company Profile

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.