Jupiter Asset Administration Ltd. boosted its stake in shares of Ferguson plc (NASDAQ:FERG – Free Report) by 63.9% within the 2nd quarter, in response to its most up-to-date Type 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 142,294 shares of the corporate’s inventory after buying a further 55,473 shares in the course of the quarter. Jupiter Asset Administration Ltd. owned 0.06% of Ferguson value $22,407,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally not too long ago purchased and bought shares of FERG. SouthState Corp acquired a brand new stake in shares of Ferguson within the first quarter valued at $30,000. Alternate Traded Ideas LLC elevated its place in Ferguson by 90.7% within the second quarter. Alternate Traded Ideas LLC now owns 204 shares of the corporate’s inventory value $32,000 after buying a further 97 shares in the course of the interval. Heritage Wealth Advisors acquired a brand new stake in Ferguson within the first quarter value about $33,000. Milestone Funding Advisors LLC acquired a brand new stake in Ferguson within the first quarter value about $38,000. Lastly, Monetary Gravity Asset Administration Inc. acquired a brand new stake in Ferguson within the first quarter value about $41,000.
Ferguson Buying and selling Up 0.8 %
NASDAQ:FERG opened at $165.07 on Friday. Ferguson plc has a fifty-two week low of $111.85 and a fifty-two week excessive of $171.06. The corporate has a debt-to-equity ratio of 0.74, a present ratio of 1.67 and a fast ratio of 0.95. The inventory has a market capitalization of $33.67 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 13.31 and a beta of 1.15. The enterprise’s 50-day easy shifting common is $158.31 and its 200-day easy shifting common is $154.97.
Ferguson (NASDAQ:FERG – Get Free Report) final launched its quarterly earnings knowledge on Tuesday, September twenty sixth. The corporate reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.33. Ferguson had a return on fairness of 41.58% and a internet margin of 6.35%. The enterprise had income of $7.84 billion for the quarter, in comparison with analysts’ expectations of $7.56 billion. Throughout the identical quarter within the earlier 12 months, the enterprise posted $2.85 EPS. Ferguson’s income for the quarter was down 1.7% on a year-over-year foundation. Promote-side analysts count on that Ferguson plc will submit 9.69 earnings per share for the present fiscal 12 months.
Ferguson Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Wednesday, November fifteenth. Traders of file on Friday, October sixth got a $0.75 dividend. This represents a $3.00 dividend on an annualized foundation and a yield of 1.82%. The ex-dividend date was Thursday, October fifth. Ferguson’s dividend payout ratio is presently 32.89%.
Analyst Upgrades and Downgrades
A lot of analysts not too long ago commented on the corporate. Royal Financial institution of Canada reiterated an “outperform” score on shares of Ferguson in a analysis report on Wednesday, October 4th. Financial institution of America lowered Ferguson from a “impartial” score to an “underperform” score in a analysis report on Tuesday, October thirty first. Wells Fargo & Firm began protection on Ferguson in a report on Tuesday, October seventeenth. They set an “equal weight” score on the inventory. Lastly, Raymond James began protection on Ferguson in a report on Friday, September 1st. They set an “outperform” score on the inventory. One analyst has rated the inventory with a promote score, two have issued a maintain score and eight have given a purchase score to the corporate’s inventory. In response to knowledge from MarketBeat.com, Ferguson at present has a consensus score of “Reasonable Purchase” and a consensus goal value of $4,142.63.
Test Out Our Newest Inventory Report on FERG
Insider Exercise at Ferguson
In different Ferguson information, insider William T. Thees, Jr. bought 204 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, October seventeenth. The inventory was bought at a mean value of $164.94, for a complete transaction of $33,647.76. Following the transaction, the insider now owns 25,428 shares of the corporate’s inventory, valued at roughly $4,194,094.32. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which might be accessed by the SEC web site. In different Ferguson information, insider William T. Thees, Jr. bought 204 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, October seventeenth. The inventory was bought at a mean value of $164.94, for a complete transaction of $33,647.76. Following the transaction, the insider now owns 25,428 shares of the corporate’s inventory, valued at roughly $4,194,094.32. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which might be accessed by the SEC web site. Additionally, SVP Garland Williams bought 2,641 shares of the enterprise’s inventory in a transaction that occurred on Monday, October sixteenth. The inventory was bought at a mean value of $164.71, for a complete worth of $434,999.11. Following the transaction, the senior vice chairman now instantly owns 3,094 shares within the firm, valued at roughly $509,612.74. The disclosure for this sale might be discovered right here. Within the final quarter, insiders have bought 27,703 shares of firm inventory valued at $4,563,008. 0.15% of the inventory is owned by insiders.
Ferguson Profile
(Free Report)
Ferguson plc distributes plumbing and heating merchandise in the USA and Canada. It affords plumbing and heating options to prospects within the residential, industrial, civil/infrastructure, and industrial finish markets. The corporate additionally offers experience, options, and merchandise, together with infrastructure, plumbing, home equipment, hearth, fabrication, and others, in addition to heating, air flow, and air-con merchandise below the Ferguson model title.
Additional Studying
Need to see what different hedge funds are holding FERG? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Ferguson plc (NASDAQ:FERG – Free Report).
This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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