Quilter Plc Has $18.25 Million Stock Position in Ferguson plc $FERG

Quilter Plc lowered its holdings in shares of Ferguson plc (NYSE:FERG) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,986 shares of the company’s stock after selling 10,633 shares during the quarter. Quilter Plc’s holdings in Ferguson were worth $18,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Durable Capital Partners LP acquired a new stake in Ferguson during the 3rd quarter worth approximately $244,561,000. Qube Research & Technologies Ltd increased its position in shares of Ferguson by 588.1% during the third quarter. Qube Research & Technologies Ltd now owns 1,087,523 shares of the company’s stock worth $244,236,000 after acquiring an additional 929,475 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Ferguson by 22.4% during the third quarter. Wellington Management Group LLP now owns 3,734,911 shares of the company’s stock worth $838,786,000 after acquiring an additional 682,666 shares during the period. 59 North Capital Management LP raised its holdings in shares of Ferguson by 114.7% during the third quarter. 59 North Capital Management LP now owns 1,255,137 shares of the company’s stock worth $281,879,000 after acquiring an additional 670,473 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in Ferguson by 502.8% in the 3rd quarter. Voloridge Investment Management LLC now owns 765,725 shares of the company’s stock valued at $171,967,000 after acquiring an additional 638,692 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FERG has been the subject of a number of research analyst reports. Oppenheimer upped their target price on shares of Ferguson from $255.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Truist Financial lifted their target price on Ferguson from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a research report on Tuesday, January 6th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferguson in a report on Thursday, January 8th. Finally, Royal Bank Of Canada increased their target price on shares of Ferguson from $247.00 to $271.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $268.93.

Ferguson Stock Performance

FERG opened at $235.42 on Monday. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $271.64. The stock has a market cap of $45.76 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.92 and a beta of 1.21. The business has a 50 day moving average of $244.40 and a 200-day moving average of $240.25. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.68.

Ferguson (NYSE:FERG) last announced its earnings results on Tuesday, February 24th. The company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a return on equity of 40.37% and a net margin of 6.93%.During the same quarter in the prior year, the company posted $1.52 EPS. The business’s revenue was up 3.6% on a year-over-year basis.

Ferguson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 6th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.56 dividend on an annualized basis and a yield of 1.5%. Ferguson’s dividend payout ratio is currently 35.96%.

About Ferguson

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.