Vinva Investment Management Ltd Has $1.53 Million Stock Position in Ferguson plc $FERG

Vinva Investment Management Ltd boosted its position in Ferguson plc (NYSE:FERG) by 131.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,803 shares of the company’s stock after acquiring an additional 3,860 shares during the period. Vinva Investment Management Ltd’s holdings in Ferguson were worth $1,531,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Ferguson during the second quarter valued at approximately $395,401,000. Franklin Resources Inc. lifted its holdings in shares of Ferguson by 39.3% in the 2nd quarter. Franklin Resources Inc. now owns 4,255,661 shares of the company’s stock worth $926,830,000 after purchasing an additional 1,201,493 shares in the last quarter. Egerton Capital UK LLP grew its position in Ferguson by 16.4% in the 3rd quarter. Egerton Capital UK LLP now owns 2,600,224 shares of the company’s stock valued at $583,958,000 after purchasing an additional 366,898 shares during the period. Artisan Partners Limited Partnership grew its position in Ferguson by 89.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 759,687 shares of the company’s stock valued at $165,422,000 after purchasing an additional 358,853 shares during the period. Finally, Waverton Investment Management Ltd increased its stake in Ferguson by 30.8% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,465,335 shares of the company’s stock valued at $328,902,000 after purchasing an additional 345,165 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Ferguson from $262.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. UBS Group boosted their target price on shares of Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Ferguson from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Truist Financial raised their price target on shares of Ferguson from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Ferguson from $237.00 to $246.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $262.62.

Ferguson Stock Performance

NYSE FERG opened at $230.47 on Tuesday. The company has a market capitalization of $44.83 billion, a PE ratio of 23.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $271.64. The company has a 50-day simple moving average of $248.73 and a 200 day simple moving average of $240.70.

Ferguson (NYSE:FERG) last released its earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.25). Ferguson had a net margin of 6.93% and a return on equity of 40.37%. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Ferguson’s revenue was up 3.6% compared to the same quarter last year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 6th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. Ferguson’s payout ratio is 35.96%.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.