Tower Research Capital LLC TRC reduced its position in Ferguson plc (NASDAQ:FERG - Free Report) by 54.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,655 shares of the company's stock after selling 3,238 shares during the period. Tower Research Capital LLC TRC's holdings in Ferguson were worth $461,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Natixis grew its position in Ferguson by 105.2% during the 4th quarter. Natixis now owns 106,750 shares of the company's stock worth $18,529,000 after purchasing an additional 54,726 shares during the last quarter. Beck Mack & Oliver LLC grew its holdings in shares of Ferguson by 9.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 639,448 shares of the company's stock worth $110,989,000 after buying an additional 57,705 shares during the last quarter. Capital Research Global Investors increased its position in Ferguson by 58.9% in the 4th quarter. Capital Research Global Investors now owns 1,550,447 shares of the company's stock valued at $269,111,000 after acquiring an additional 574,694 shares during the period. Capital World Investors increased its position in Ferguson by 40.5% in the 4th quarter. Capital World Investors now owns 683,678 shares of the company's stock valued at $118,666,000 after acquiring an additional 197,084 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Ferguson by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,644,341 shares of the company's stock valued at $285,408,000 after acquiring an additional 103,802 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on FERG. Wolfe Research started coverage on Ferguson in a report on Monday, March 17th. They set a "peer perform" rating for the company. Morgan Stanley initiated coverage on Ferguson in a research report on Monday, February 3rd. They set an "overweight" rating and a $204.00 target price on the stock. Bank of America raised Ferguson from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $225.00 in a report on Wednesday, January 8th. UBS Group reaffirmed a "neutral" rating and set a $193.00 price target (down from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Ferguson from $211.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Five equities research 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, Ferguson has a consensus rating of "Moderate Buy" and a consensus price target of $199.38.
Check Out Our Latest Stock Report on FERG
Ferguson Price Performance
Shares of NASDAQ FERG traded up $0.87 during trading on Monday, reaching $173.13. The company had a trading volume of 75,203 shares, compared to its average volume of 1,589,040. The stock has a 50-day moving average price of $164.17 and a two-hundred day moving average price of $180.98. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63. The stock has a market capitalization of $34.62 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). The firm 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 business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. As a group, sell-side analysts predict that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be given a $0.83 dividend. The ex-dividend date is Friday, March 21st. This represents a $3.32 annualized dividend and a dividend yield of 1.92%. Ferguson's dividend payout ratio is presently 40.84%.
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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