Polar Capital Holdings Plc Has $11.35 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

Polar Capital Holdings Plc trimmed its holdings in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,392 shares of the company's stock after selling 11,311 shares during the quarter. Polar Capital Holdings Plc's holdings in Ferguson were worth $11,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC raised its stake in shares of Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after acquiring an additional 136 shares during the period. LGT Financial Advisors LLC increased its holdings in Ferguson by 106.3% in the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in Ferguson in the fourth quarter valued at approximately $35,000. R Squared Ltd acquired a new position in Ferguson during the fourth quarter worth $45,000. Finally, Private Trust Co. NA boosted its position in shares of Ferguson by 92.5% during the fourth quarter. Private Trust Co. NA now owns 258 shares of the company's stock worth $45,000 after buying an additional 124 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Ferguson Stock Performance

FERG traded down $1.35 on Monday, hitting $183.34. 1,191,681 shares of the company's stock were exchanged, compared to its average volume of 1,617,186. The firm has a market cap of $36.66 billion, a PE ratio of 22.01, a P/E/G ratio of 1.69 and a beta of 1.14. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63. 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 stock has a fifty day moving average of $165.13 and a two-hundred day moving average of $179.38.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. On average, research analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, March 21st. Ferguson's dividend payout ratio (DPR) is presently 40.84%.

Analysts Set New Price Targets

FERG has been the topic of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $189.00 target price on shares of Ferguson in a report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Ferguson in a report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 target price for the company. Wells Fargo & Company boosted their target price on Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Robert W. Baird set a $190.00 price target on Ferguson and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Finally, Wolfe Research started coverage on Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating for the company. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $199.38.

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.