Ferguson plc (NASDAQ:FERG) Holdings Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its holdings in shares of Ferguson plc (NASDAQ:FERG) by 106.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 970 shares of the company’s stock after purchasing an additional 501 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Ferguson were worth $187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FERG. McGlone Suttner Wealth Management Inc. purchased a new position in Ferguson in the fourth quarter valued at about $29,000. CVA Family Office LLC purchased a new position in Ferguson in the fourth quarter valued at about $31,000. Private Trust Co. NA grew its stake in Ferguson by 146.1% in the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in Ferguson in the third quarter valued at about $47,000. Finally, Lindbrook Capital LLC lifted its position in shares of Ferguson by 150.0% in the third quarter. Lindbrook Capital LLC now owns 320 shares of the company’s stock worth $53,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Stock Up 1.8 %

Shares of NASDAQ:FERG traded up $3.88 on Friday, reaching $217.17. The company had a trading volume of 836,882 shares, compared to its average volume of 1,146,346. Ferguson plc has a twelve month low of $137.12 and a twelve month high of $224.86. The stock has a 50-day moving average price of $213.09 and a 200 day moving average price of $191.02. The stock has a market capitalization of $44.04 billion, a P/E ratio of 25.25, a P/E/G ratio of 8.91 and a beta of 1.27. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the firm posted $1.91 EPS. Ferguson’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts expect that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, March 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.46%. Ferguson’s dividend payout ratio is presently 36.74%.

Analyst Upgrades and Downgrades

Separately, Raymond James cut Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.50.

Ferguson 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.