SG Americas Securities LLC Raises Stake in Ferguson plc (NASDAQ:FERG)

SG Americas Securities LLC lifted its position in shares of Ferguson plc (NASDAQ:FERGFree Report) by 910.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 366,015 shares of the company’s stock after buying an additional 329,786 shares during the quarter. SG Americas Securities LLC’s holdings in Ferguson were worth $63,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its position in shares of Ferguson by 3.5% during the third quarter. FMR LLC now owns 8,468,003 shares of the company’s stock worth $1,668,462,000 after purchasing an additional 288,935 shares in the last quarter. State Street Corp lifted its position in shares of Ferguson by 3.7% during the third quarter. State Street Corp now owns 4,541,079 shares of the company’s stock worth $905,230,000 after purchasing an additional 161,662 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ferguson by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,197,621 shares of the company’s stock worth $633,409,000 after purchasing an additional 25,677 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Ferguson by 6.0% during the third quarter. Franklin Resources Inc. now owns 2,371,954 shares of the company’s stock worth $477,858,000 after purchasing an additional 133,769 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ferguson by 423.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,462,836 shares of the company’s stock worth $290,475,000 after purchasing an additional 1,183,143 shares in the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FERG has been the subject of a number of research analyst reports. Zelman & Associates lowered shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on shares of Ferguson from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Citigroup dropped their price target on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group restated a “neutral” rating and issued a $193.00 price target (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and an average target price of $220.10.

Check Out Our Latest Research Report on Ferguson

Ferguson Price Performance

Shares of FERG opened at $185.97 on Thursday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson plc has a 1 year low of $167.27 and a 1 year high of $225.63. The stock has a market cap of $37.18 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The stock’s 50-day moving average price is $190.09 and its two-hundred day moving average price is $198.00.

Ferguson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, December 20th. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s dividend payout ratio (DPR) is currently 39.86%.

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.

See Also

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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