Y Intercept Hong Kong Ltd Boosts Stock Position in Ferguson plc (NASDAQ:FERG)

Y Intercept Hong Kong Ltd boosted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 593.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,288 shares of the company's stock after buying an additional 13,940 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Ferguson were worth $2,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. LGT Financial Advisors LLC lifted its position in Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after acquiring an additional 102 shares during the last quarter. Grove Bank & Trust raised its stake in Ferguson by 247.4% during the first quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after purchasing an additional 141 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after acquiring an additional 74 shares during the period. Whipplewood Advisors LLC increased its stake in Ferguson by 166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock worth $33,000 after buying an additional 130 shares during the period. Finally, LRI Investments LLC acquired a new position in Ferguson in the first quarter worth about $46,000. 81.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial reiterated a "buy" rating and set a $230.00 price target on shares of Ferguson in a report on Wednesday, June 4th. Morgan Stanley reissued an "overweight" rating and set a $220.00 target price (up from $195.00) on shares of Ferguson in a research report on Monday, June 9th. The Goldman Sachs Group began coverage on shares of Ferguson in a research report on Wednesday, June 18th. They set a "buy" rating and a $280.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferguson in a research report on Tuesday, April 1st. They set a "hold" rating and a $174.00 target price on the stock. Finally, Royal Bank Of Canada raised their price target on Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Ferguson has an average rating of "Moderate Buy" and a consensus target price of $220.64.

Ferguson Stock Up 1.3%

Shares of NASDAQ:FERG opened at $222.81 on Wednesday. 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 $43.93 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.69 and a beta of 1.17. The business has a fifty day simple moving average of $205.75 and a 200 day simple moving average of $182.84. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $226.63.

Ferguson (NASDAQ:FERG - Get Free Report) last released its earnings results 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 return on equity of 34.63% and a net margin of 5.68%. During the same period last year, the firm earned $2.32 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, June 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.49%. Ferguson's dividend payout ratio is presently 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.

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