Gulf International Bank UK Ltd Acquires 106 Shares of Ferguson plc (NASDAQ:FERG)

Gulf International Bank UK Ltd grew its holdings in Ferguson plc (NASDAQ:FERGFree Report) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,887 shares of the company’s stock after acquiring an additional 106 shares during the period. Gulf International Bank UK Ltd’s holdings in Ferguson were worth $3,688,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new stake in shares of Ferguson in the fourth quarter worth $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Ferguson in the fourth quarter worth $29,000. CVA Family Office LLC purchased a new stake in shares of Ferguson in the fourth quarter worth $31,000. Private Trust Co. NA increased its stake in shares of Ferguson by 146.1% in the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Ferguson in the fourth quarter worth $50,000. 81.98% of the stock is currently owned by institutional investors.

Ferguson Price Performance

FERG stock traded down $0.51 during trading on Friday, hitting $195.86. 2,557,188 shares of the company’s stock traded hands, compared to its average volume of 1,205,062. Ferguson plc has a 52 week low of $147.62 and a 52 week high of $224.86. 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 business has a fifty day simple moving average of $209.21 and a 200 day simple moving average of $202.48. The stock has a market capitalization of $39.55 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 8.20 and a beta of 1.23.

Ferguson (NASDAQ:FERGGet Free Report) last released its quarterly earnings data on Tuesday, June 4th. The company reported $2.32 EPS for the quarter, beating 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 business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.32 billion. During the same quarter last year, the business earned $2.20 earnings per share. Ferguson’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts expect that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 14th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, June 14th. This represents a $3.16 annualized dividend and a yield of 1.61%. Ferguson’s dividend payout ratio (DPR) is currently 34.54%.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Ferguson

Ferguson 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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