Triavera Capital LLC Takes $6.76 Million Position in Ferguson plc (NASDAQ:FERG)

Triavera Capital LLC bought a new position in Ferguson plc (NASDAQ:FERG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,963 shares of the company’s stock, valued at approximately $6,763,000. Ferguson makes up about 3.7% of Triavera Capital LLC’s holdings, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Manchester Capital Management LLC lifted its holdings in shares of Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the period. LGT Financial Advisors LLC lifted its holdings in Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. Berbice Capital Management LLC bought a new position in Ferguson during the 4th quarter valued at about $35,000. Private Trust Co. NA boosted its position in Ferguson by 92.5% in the fourth quarter. Private Trust Co. NA now owns 258 shares of the company’s stock valued at $45,000 after buying an additional 124 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Ferguson during the fourth quarter worth about $45,000. Institutional investors own 81.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FERG shares. Citigroup cut their target price on shares of Ferguson from $189.00 to $168.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Barclays cut their price objective on Ferguson from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft started coverage on Ferguson in a report on Tuesday, April 1st. They set a “hold” rating and a $174.00 target price on the stock. Wells Fargo & Company lifted their price target on Ferguson from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ferguson from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.38.

Ferguson Trading Up 1.6%

Shares of NASDAQ FERG opened at $184.54 on Friday. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $225.63. The firm has a market capitalization of $36.90 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The company’s 50 day simple moving average is $165.13 and its 200 day simple moving average is $179.50.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period last year, the company earned $1.74 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts predict that Ferguson plc will post 9.4 EPS for the current year.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $3.32 annualized dividend and a dividend yield of 1.80%. Ferguson’s payout ratio is currently 40.84%.

Ferguson Company Profile

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.