Rhumbline Advisers Has $35.99 Million Stock Position in Ferguson plc (NASDAQ:FERG)

Rhumbline Advisers decreased its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,630 shares of the company's stock after selling 2,285 shares during the quarter. Rhumbline Advisers owned 0.11% of Ferguson worth $35,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Ferguson by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock worth $135,247,000 after purchasing an additional 52,776 shares during the period. New York Life Investment Management LLC acquired a new position in Ferguson during the 4th quarter worth $587,000. Markel Group Inc. raised its stake in Ferguson by 25.4% during the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company's stock valued at $18,398,000 after buying an additional 21,500 shares in the last quarter. GAMMA Investing LLC lifted its stake in Ferguson by 19,616.0% during the first quarter. GAMMA Investing LLC now owns 573,143 shares of the company's stock worth $91,835,000 after purchasing an additional 570,236 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in shares of Ferguson by 420.4% in the 4th quarter. AMF Tjanstepension AB now owns 66,125 shares of the company's stock valued at $11,477,000 after buying an additional 53,419 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Trading Down 1.5%

FERG traded down $3.13 during trading on Friday, reaching $211.56. The company had a trading volume of 2,302,613 shares, compared to its average volume of 1,648,094. The firm's 50-day simple moving average is $172.50 and its 200 day simple moving average is $178.16. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.69 and a beta of 1.13. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $225.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. Equities research analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's dividend payout ratio is 41.40%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Ferguson from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday. Citigroup reduced their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Royal Bank of Canada increased their price objective on shares of Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a report on Wednesday. Berenberg Bank reissued a "hold" rating and set a $215.00 target price on shares of Ferguson in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on Ferguson from $190.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $215.93.

Ferguson Company 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.