Point72 Hong Kong Ltd reduced its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 59.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,702 shares of the company's stock after selling 83,041 shares during the period. Point72 Hong Kong Ltd's holdings in Ferguson were worth $10,015,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PointState Capital LP acquired a new position in shares of Ferguson in the fourth quarter valued at $75,641,000. Quantinno Capital Management LP increased its holdings in shares of Ferguson by 31.2% in the fourth quarter. Quantinno Capital Management LP now owns 35,127 shares of the company's stock valued at $6,097,000 after purchasing an additional 8,348 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ferguson by 21.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,322 shares of the company's stock valued at $2,139,000 after purchasing an additional 2,176 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Ferguson in the fourth quarter valued at $5,993,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Ferguson by 1.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,935,419 shares of the company's stock valued at $856,746,000 after purchasing an additional 62,887 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.
Ferguson Price Performance
NASDAQ FERG traded up $2.83 during trading on Friday, hitting $184.54. 1,716,944 shares of the company's stock were exchanged, compared to its average volume of 1,618,840. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The company has a market cap of $36.90 billion, a PE ratio of 22.15, a P/E/G ratio of 1.69 and a beta of 1.14. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $225.63. The stock's 50 day moving average price is $165.13 and its two-hundred day moving average price is $179.50.
Ferguson (NASDAQ:FERG - Get Free Report) last issued 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). The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. Research analysts expect that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, March 21st. Ferguson's payout ratio is 40.84%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FERG. Wolfe Research began coverage on shares of Ferguson in a research report on Monday, March 17th. They issued a "peer perform" rating for the company. Robert W. Baird set a $190.00 target price on shares of Ferguson and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $189.00 target price on shares of Ferguson in a research report on Tuesday, March 18th. Citigroup reduced their target price on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferguson in a research report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 target price for the company. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $199.38.
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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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