Symmetry Partners LLC Buys New Shares in Ferguson plc (NASDAQ:FERG)

Symmetry Partners LLC bought a new stake in shares of Ferguson plc (NASDAQ:FERGFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,198 shares of the company’s stock, valued at approximately $480,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FERG. UBS Group AG lifted its stake in Ferguson by 174.2% during the third quarter. UBS Group AG now owns 104,195 shares of the company’s stock valued at $17,137,000 after purchasing an additional 66,197 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Ferguson by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 22,321 shares of the company’s stock valued at $3,671,000 after acquiring an additional 1,209 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Ferguson by 19.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,794 shares of the company’s stock valued at $295,000 after acquiring an additional 291 shares in the last quarter. Korea Investment CORP lifted its position in shares of Ferguson by 30.9% in the 3rd quarter. Korea Investment CORP now owns 97,102 shares of the company’s stock valued at $15,970,000 after acquiring an additional 22,919 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of Ferguson in the 3rd quarter valued at approximately $1,905,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on FERG. Royal Bank of Canada reduced their price target on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Barclays dropped their price objective on shares of Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.50.

Get Our Latest Analysis on Ferguson

Ferguson Stock Up 0.7 %

Ferguson stock opened at $202.31 on Wednesday. The firm has a market cap of $40.85 billion, a PE ratio of 22.11, a P/E/G ratio of 8.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. The firm’s 50 day moving average price is $210.81 and its two-hundred day moving average price is $202.12. Ferguson plc has a twelve month low of $147.62 and a twelve month high of $224.86.

Ferguson (NASDAQ:FERGGet Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. Ferguson had a net margin of 6.33% and a return on equity of 36.89%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same quarter in the prior year, the business posted $2.20 EPS. Ferguson’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts predict that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, June 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.56%. Ferguson’s dividend payout ratio (DPR) is 34.54%.

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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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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