Mackenzie Financial Corp Has $125.45 Million Position in Ferguson plc (NASDAQ:FERG)

Mackenzie Financial Corp lifted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 722,746 shares of the company's stock after buying an additional 4,411 shares during the quarter. Mackenzie Financial Corp owned approximately 0.36% of Ferguson worth $125,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC raised its stake in Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. LGT Financial Advisors LLC grew its holdings in shares of Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after purchasing an additional 102 shares during the period. R Squared Ltd acquired a new stake in Ferguson in the fourth quarter valued at approximately $45,000. Private Trust Co. NA boosted its stake in shares of Ferguson by 92.5% in the fourth quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after purchasing an additional 124 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Ferguson by 41.1% in the fourth quarter. Assetmark Inc. now owns 333 shares of the company's stock valued at $58,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FERG shares. Robert W. Baird set a $190.00 price target on shares of Ferguson and gave the stock an "outperform" rating in a research report on Wednesday, March 12th. Wells Fargo & Company raised their price target on shares of Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their price target on shares of Ferguson from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday. Citigroup reduced their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Finally, Oppenheimer reduced their price target on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.15.

Ferguson Price Performance

Shares of FERG traded up $4.83 during mid-day trading on Tuesday, hitting $183.04. The company's stock had a trading volume of 1,341,560 shares, compared to its average volume of 1,625,062. The firm has a 50-day moving average price of $167.90 and a 200 day moving average price of $178.38. The stock has a market capitalization of $36.60 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $225.63.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. On average, research analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, March 21st. Ferguson's payout ratio is 40.84%.

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.