American National Bank & Trust trimmed its holdings in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 91.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 268 shares of the company's stock after selling 3,053 shares during the period. American National Bank & Trust's holdings in Ferguson were worth $43,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Ferguson by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock worth $135,247,000 after buying an additional 52,776 shares in the last quarter. New York Life Investment Management LLC acquired a new position in Ferguson during the fourth quarter worth about $587,000. Markel Group Inc. raised its position in Ferguson by 25.4% in the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after acquiring an additional 21,500 shares in the last quarter. Brentview Investment Management LLC acquired a new stake in Ferguson in the 4th quarter valued at about $4,255,000. Finally, AMF Tjanstepension AB boosted its position in shares of Ferguson by 420.4% during the 4th quarter. AMF Tjanstepension AB now owns 66,125 shares of the company's stock valued at $11,477,000 after purchasing an additional 53,419 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.
Ferguson Stock Up 2.3%
Shares of Ferguson stock traded up $4.92 during midday trading on Wednesday, hitting $216.28. The company's stock had a trading volume of 2,753,537 shares, compared to its average volume of 1,646,967. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $225.63. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $43.24 billion, a P/E ratio of 25.96, a PEG ratio of 1.69 and a beta of 1.14. The stock has a 50-day simple moving average of $170.30 and a 200-day simple moving average of $177.80.
Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. Ferguson's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.32 earnings per share. As a group, sell-side analysts expect that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's payout ratio is presently 40.84%.
Wall Street Analyst Weigh In
FERG has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Ferguson from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Wells Fargo & Company upped their price target on Ferguson from $190.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Ferguson in a research report on Tuesday, April 1st. They set a "hold" rating and a $174.00 price objective for the company. UBS Group raised their price objective on Ferguson from $173.00 to $204.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Robert W. Baird set a $190.00 target price on Ferguson and gave the stock an "outperform" rating in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.23.
Read Our Latest Research Report on FERG
Ferguson Profile
(
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.
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