Segantii Capital Management Ltd Purchases Shares of 22,500 Ferguson plc (NASDAQ:FERG)

Segantii Capital Management Ltd acquired a new position in Ferguson plc (NASDAQ:FERG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 22,500 shares of the company’s stock, valued at approximately $4,344,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Ferguson during the fourth quarter valued at about $29,000. CVA Family Office LLC bought a new position in shares of Ferguson in the 4th quarter worth approximately $31,000. Private Trust Co. NA boosted its holdings in shares of Ferguson by 146.1% during the 4th quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Ferguson in the 3rd quarter worth about $47,000. Finally, Avalon Trust Co purchased a new position in Ferguson during the 4th quarter valued at about $50,000. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Up 0.5 %

Shares of FERG traded up $0.99 during mid-day trading on Thursday, reaching $220.52. The company had a trading volume of 587,055 shares, compared to its average volume of 1,107,022. Ferguson plc has a 52 week low of $142.27 and a 52 week 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 company has a market capitalization of $44.72 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 9.13 and a beta of 1.27. The firm has a 50-day moving average price of $213.59 and a 200 day moving average price of $192.50.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) 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 firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same period last year, the company earned $1.91 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.43%. Ferguson’s dividend payout ratio is 36.74%.

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.