Hsbc Holdings PLC Decreases Holdings in Ferguson plc (NASDAQ:FERG)

Hsbc Holdings PLC cut its position in Ferguson plc (NASDAQ:FERGFree Report) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,085 shares of the company’s stock after selling 20,365 shares during the period. Hsbc Holdings PLC’s holdings in Ferguson were worth $12,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FERG. Principal Financial Group Inc. raised its holdings in shares of Ferguson by 83.1% during the 3rd quarter. Principal Financial Group Inc. now owns 39,178 shares of the company’s stock worth $6,444,000 after acquiring an additional 17,777 shares during the period. Victory Capital Management Inc. increased its position in Ferguson by 161.3% during the third quarter. Victory Capital Management Inc. now owns 98,629 shares of the company’s stock worth $16,222,000 after purchasing an additional 60,881 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Ferguson by 15.8% during the third quarter. Assenagon Asset Management S.A. now owns 10,797 shares of the company’s stock worth $1,776,000 after purchasing an additional 1,475 shares during the period. Jump Financial LLC acquired a new position in Ferguson in the 3rd quarter valued at about $658,000. Finally, Atria Investments Inc grew its stake in shares of Ferguson by 56.3% in the 3rd quarter. Atria Investments Inc now owns 10,838 shares of the company’s stock valued at $1,783,000 after buying an additional 3,902 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Ferguson Trading Up 0.3 %

FERG opened at $205.74 on Friday. The stock has a market capitalization of $41.73 billion, a PE ratio of 23.92, a P/E/G ratio of 8.60 and a beta of 1.27. Ferguson plc has a one year low of $143.62 and a one year high of $224.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The business’s 50 day moving average price is $214.68 and its 200 day moving average price is $199.20.

Ferguson (NASDAQ:FERGGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.91 earnings per share. As a group, equities research analysts expect that Ferguson plc will post 9.64 EPS for the current year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.54%. Ferguson’s dividend payout ratio (DPR) is 36.74%.

About Ferguson

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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