Ferguson plc (NASDAQ:FERG) Shares Bought by Sycale Advisors NY LLC

Sycale Advisors NY LLC grew its stake in shares of Ferguson plc (NASDAQ:FERG) by 10.0% in the fourth quarter, HoldingsChannel reports. The fund owned 113,533 shares of the company’s stock after buying an additional 10,337 shares during the quarter. Ferguson makes up about 5.1% of Sycale Advisors NY LLC’s portfolio, making the stock its 7th largest position. Sycale Advisors NY LLC’s holdings in Ferguson were worth $19,706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Toronto Dominion Bank increased its stake in shares of Ferguson by 1,075.1% during the 4th quarter. Toronto Dominion Bank now owns 28,625 shares of the company’s stock valued at $4,968,000 after acquiring an additional 26,189 shares during the last quarter. Suvretta Capital Management LLC increased its stake in shares of Ferguson by 9.0% during the 4th quarter. Suvretta Capital Management LLC now owns 245,530 shares of the company’s stock valued at $42,617,000 after acquiring an additional 20,320 shares during the last quarter. Sagefield Capital LP increased its stake in shares of Ferguson by 50.5% during the 4th quarter. Sagefield Capital LP now owns 52,204 shares of the company’s stock valued at $9,061,000 after acquiring an additional 17,506 shares during the last quarter. Skye Global Management LP increased its stake in shares of Ferguson by 116.7% during the 4th quarter. Skye Global Management LP now owns 208,000 shares of the company’s stock valued at $36,103,000 after acquiring an additional 112,000 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in Ferguson by 3.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 53,899 shares of the company’s stock worth $9,355,000 after purchasing an additional 1,642 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Wall Street Analyst Weigh In

FERG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferguson in a research report on Tuesday, April 1st. They set a “hold” rating and a $174.00 target price for the company. Oppenheimer dropped their target price on shares of Ferguson from $234.00 to $189.00 and set an “outperform” rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on shares of Ferguson from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, March 19th. Citigroup dropped their target price on shares of Ferguson from $189.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Wolfe Research initiated coverage on shares of Ferguson in a research report on Monday, March 17th. They set a “peer perform” rating for the company. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ferguson presently has an average rating of “Moderate Buy” and an average price target of $199.38.

Ferguson Stock Up 1.6%

Shares of NASDAQ:FERG opened at $184.54 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $225.63. The company has a 50 day moving average of $165.13 and a two-hundred day moving average of $179.50. The company has a market capitalization of $36.90 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14.

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

Ferguson Dividend Announcement

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

About Ferguson

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.