OMERS ADMINISTRATION Corp Sells 2,274 Shares of Ferguson plc (NASDAQ:FERG)

OMERS ADMINISTRATION Corp lowered its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,093 shares of the company's stock after selling 2,274 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Ferguson were worth $2,446,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FERG. Charles Schwab Investment Management Inc. boosted its holdings in Ferguson by 7.3% during the fourth 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 last quarter. New York Life Investment Management LLC bought a new stake in Ferguson during the 4th quarter worth about $587,000. Markel Group Inc. boosted its stake in shares of Ferguson by 25.4% during the 4th quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after buying an additional 21,500 shares during the last quarter. PFG Investments LLC acquired a new position in shares of Ferguson during the 4th quarter worth about $467,000. Finally, Brentview Investment Management LLC bought a new position in shares of Ferguson in the 4th quarter valued at about $4,255,000. 81.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

FERG has been the topic of several analyst reports. Wolfe Research assumed coverage on Ferguson in a report on Monday, March 17th. They set a "peer perform" rating on the stock. Citigroup dropped their price objective on Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird set a $190.00 price objective on Ferguson and gave the company an "outperform" rating in a report on Wednesday, March 12th. Morgan Stanley began coverage on shares of Ferguson in a report on Monday, February 3rd. They set an "overweight" rating and a $204.00 target price on the stock. Finally, Oppenheimer dropped 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 given a buy rating to the company's stock. Based on data from MarketBeat, Ferguson currently has an average rating of "Moderate Buy" and a consensus price target of $199.38.

Ferguson Stock Performance

Shares of FERG traded up $2.83 during trading hours on Friday, hitting $184.54. The company had a trading volume of 1,716,944 shares, compared to its average volume of 1,618,840. The business has a fifty day moving average of $165.13 and a 200-day moving average of $179.50. 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 cap of $36.90 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.69 and a beta of 1.14. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $225.63.

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

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, March 21st. Ferguson's payout ratio is 40.84%.

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.