Robeco Institutional Asset Management B.V. Sells 271,033 Shares of Ferguson plc (NASDAQ:FERG)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 65.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 143,011 shares of the company's stock after selling 271,033 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Ferguson worth $27,611,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its position in shares of Ferguson by 5.7% in the fourth quarter. Vontobel Holding Ltd. now owns 542,455 shares of the company's stock valued at $104,318,000 after acquiring an additional 29,396 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Ferguson by 807.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,515 shares of the company's stock worth $2,802,000 after purchasing an additional 12,915 shares during the period. International Assets Investment Management LLC bought a new position in shares of Ferguson during the 4th quarter worth about $2,274,000. GHP Investment Advisors Inc. raised its position in shares of Ferguson by 37.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 30,707 shares of the company's stock valued at $5,929,000 after buying an additional 8,395 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Ferguson by 491.4% in the fourth quarter. SG Americas Securities LLC now owns 220,483 shares of the company's stock valued at $42,569,000 after buying an additional 183,199 shares during the period. Institutional investors own 81.98% of the company's stock.

Ferguson Stock Performance

FERG traded down $1.09 on Friday, hitting $210.70. 1,120,686 shares of the stock traded hands, compared to its average volume of 869,725. The business has a fifty day moving average price of $215.16 and a two-hundred day moving average price of $195.71. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $42.73 billion, a PE ratio of 24.50, a P/E/G ratio of 8.85 and a beta of 1.27. Ferguson plc has a 52 week low of $142.27 and a 52 week high of $224.86.

Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.82 by ($0.08). Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business's revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts predict that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Friday, March 15th were paid a $0.79 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.50%. Ferguson's payout ratio is currently 36.74%.

About Ferguson

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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