Avestar Capital LLC Has $579,000 Stock Holdings in Ferguson plc (NASDAQ:FERG)

Avestar Capital LLC boosted its position in Ferguson plc (NASDAQ:FERGFree Report) by 19.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the company’s stock after buying an additional 497 shares during the period. Avestar Capital LLC’s holdings in Ferguson were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FERG. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Ferguson during the fourth quarter valued at approximately $29,000. CVA Family Office LLC acquired a new stake in Ferguson in the 4th quarter valued at $31,000. Private Trust Co. NA increased its stake in Ferguson by 146.1% during the 4th quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Avalon Trust Co bought a new stake in Ferguson during the 4th quarter valued at $50,000. Finally, Milestone Investment Advisors LLC acquired a new position in Ferguson during the third quarter worth $47,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Stock Up 0.8 %

Shares of Ferguson stock traded up $1.69 during trading hours on Thursday, reaching $205.22. The company’s stock had a trading volume of 1,187,444 shares, compared to its average volume of 1,080,927. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The stock’s fifty day simple moving average is $214.98 and its two-hundred day simple moving average is $198.65. The company has a market capitalization of $41.62 billion, a P/E ratio of 23.86, a P/E/G ratio of 8.59 and a beta of 1.27. Ferguson plc has a one year low of $143.62 and a one year high of $224.86.

Ferguson (NASDAQ:FERGGet Free Report) last posted its earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the business earned $1.91 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts forecast that Ferguson plc will post 9.64 earnings per share for the current year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.54%. Ferguson’s dividend payout ratio is currently 36.74%.

Ferguson Company Profile

(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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