Vontobel Holding Ltd. Has $511.37 Million Holdings in Ferguson plc $FERG

by · The Cerbat Gem

Vontobel Holding Ltd. decreased its holdings in shares of Ferguson plc (NYSE:FERG – Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,296,937 shares of the company’s stock after selling 38,612 shares during the quarter. Ferguson comprises approximately 1.6% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 12th biggest holding. Vontobel Holding Ltd. owned about 1.17% of Ferguson worth $511,367,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Basepoint Wealth LLC acquired a new stake in shares of Ferguson during the 4th quarter worth approximately $26,000. Leonteq Securities AG acquired a new stake in shares of Ferguson during the 4th quarter worth approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Ferguson during the 4th quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Ferguson during the 3rd quarter worth approximately $28,000. Finally, Zions Bancorporation National Association UT grew its position in shares of Ferguson by 123.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 143 shares of the company’s stock worth $32,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Stock Performance

Shares of FERG opened at $230.13 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.96 and a current ratio of 1.78. Ferguson plc has a twelve month low of $207.64 and a twelve month high of $271.64. The firm’s 50 day moving average price is $240.99 and its two-hundred day moving average price is $241.08. The firm has a market cap of $44.63 billion, a P/E ratio of 26.76, a PEG ratio of 1.61 and a beta of 1.15.

Ferguson (NYSE:FERG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.14. Ferguson had a net margin of 6.98% and a return on equity of 38.81%. The firm had revenue of $7.47 billion for the quarter. During the same period in the previous year, the firm posted $2.50 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that Ferguson plc will post 11.26 EPS for the current fiscal year.

Ferguson declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Friday, May 15th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.56 dividend on an annualized basis and a yield of 1.5%. Ferguson’s payout ratio is presently 41.40%.

Analysts Set New Price Targets

FERG has been the subject of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Ferguson from $271.00 to $281.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Barclays lifted their price target on shares of Ferguson from $295.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. UBS Group lifted their price target 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. Truist Financial lifted their price target on shares of Ferguson from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Citigroup reiterated a “neutral” rating on shares of Ferguson in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and an average target price of $277.77.

Get Our Latest Stock Report on Ferguson

Ferguson Profile

(Free Report)

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.

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