Triavera Capital LLC Has $8.09 Million Stake in Ferguson plc $FERG

Key Points

• Triavera Capital LLC increased its stake in Ferguson plc by 29.5%, owning 50,459 shares valued at approximately $8.1 million, making it the firm's 14th largest position.
• Institutional investors hold approximately 81.98% of Ferguson's stock, indicating substantial institutional confidence in the company's performance.
• Analysts have set varying price targets for Ferguson, with a consensus rating of "Moderate Buy" and an average price target of $221.00.

Triavera Capital LLC raised its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 29.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,459 shares of the company's stock after buying an additional 11,496 shares during the quarter. Ferguson accounts for about 4.6% of Triavera Capital LLC's holdings, making the stock its 14th biggest position. Triavera Capital LLC's holdings in Ferguson were worth $8,085,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FERG. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ferguson by 101.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,165,873 shares of the company's stock valued at $667,498,000 after acquiring an additional 2,094,029 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ferguson by 65.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company's stock valued at $713,740,000 after acquiring an additional 1,755,464 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ferguson by 24.5% during the 1st quarter. Bank of New York Mellon Corp now owns 7,660,299 shares of the company's stock valued at $1,227,410,000 after acquiring an additional 1,506,024 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Ferguson by 94.6% during the 1st quarter. Vontobel Holding Ltd. now owns 2,402,527 shares of the company's stock valued at $384,957,000 after acquiring an additional 1,167,751 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Ferguson by 769.5% during the 1st quarter. Wellington Management Group LLP now owns 1,266,954 shares of the company's stock valued at $203,004,000 after acquiring an additional 1,121,249 shares in the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on FERG shares. Morgan Stanley restated an "overweight" rating on shares of Ferguson in a report on Wednesday. Oppenheimer boosted their price target on shares of Ferguson from $189.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Berenberg Bank restated a "hold" rating and set a $215.00 price target on shares of Ferguson in a report on Thursday, June 5th. UBS Group lifted their price objective on shares of Ferguson from $173.00 to $204.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.00.

Ferguson Stock Down 6.5%

Shares of FERG stock traded down $14.62 on Friday, hitting $211.10. The company's stock had a trading volume of 1,899,412 shares, compared to its average volume of 1,707,467. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $243.40. The firm's fifty day moving average price is $226.85 and its 200-day moving average price is $196.07. The stock has a market capitalization of $41.62 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.69 and a beta of 1.15.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be given a dividend of $0.83 per share. 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 1.6%. Ferguson's payout ratio is currently 41.40%.

Ferguson 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.