XTX Topco Ltd Has $2.21 Million Stake in Ferguson plc (NASDAQ:FERG)

Key Points

• XTX Topco Ltd has significantly increased its stake in Ferguson plc by 444.2%, now holding a total of 13,811 shares valued at $2.213 million.
• Several analysts have raised their target prices for Ferguson plc, with most reports suggesting an average price target of $220.64 and ratings indicating a general outlook of "Moderate Buy."
• Ferguson has announced a quarterly dividend of $0.83 per share, set to be paid on August 6th, reflecting a dividend yield of 1.47%.

XTX Topco Ltd boosted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 444.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,811 shares of the company's stock after purchasing an additional 11,273 shares during the period. XTX Topco Ltd's holdings in Ferguson were worth $2,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FERG. Commonwealth Equity Services LLC boosted its stake in shares of Ferguson by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,481 shares of the company's stock valued at $604,000 after buying an additional 147 shares during the period. LPL Financial LLC boosted its stake in shares of Ferguson by 0.8% during the 4th quarter. LPL Financial LLC now owns 50,779 shares of the company's stock valued at $8,814,000 after buying an additional 387 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Ferguson by 2,552.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 25,122 shares of the company's stock valued at $4,321,000 after buying an additional 24,175 shares during the period. National Bank of Canada FI boosted its stake in shares of Ferguson by 135.5% during the 4th quarter. National Bank of Canada FI now owns 24,962 shares of the company's stock valued at $4,335,000 after buying an additional 14,361 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Ferguson by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,215,657 shares of the company's stock valued at $557,082,000 after buying an additional 18,036 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FERG has been the subject of a number of research reports. Morgan Stanley reissued an "overweight" rating and set a $220.00 target price (up previously from $195.00) on shares of Ferguson in a research note on Monday, June 9th. Oppenheimer lifted their target price on shares of Ferguson from $189.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Berenberg Bank reissued a "hold" rating and set a $215.00 target price on shares of Ferguson in a research note on Thursday, June 5th. Royal Bank Of Canada lifted their target price 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. Finally, UBS Group lifted their target price 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $220.64.

Ferguson Stock Down 0.6%

Shares of FERG stock traded down $1.44 on Friday, hitting $221.89. The company's stock had a trading volume of 1,212,371 shares, compared to its average volume of 1,767,123. 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 $228.80. The firm's fifty day moving average price is $214.64 and its 200-day moving average price is $186.26. The stock has a market capitalization of $43.75 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.69 and a beta of 1.17.

Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.32 earnings per share. Research analysts anticipate that Ferguson plc will post 9.4 EPS for the current year.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.5%. Ferguson's payout ratio is currently 41.40%.

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.