12,730 Shares in Ferguson plc (NASDAQ:FERG) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Ferguson plc (NASDAQ:FERG - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,730 shares of the company's stock, valued at approximately $2,528,000.

Several other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its position in shares of Ferguson by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 3,142 shares of the company's stock valued at $686,000 after purchasing an additional 57 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in Ferguson by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,307 shares of the company's stock valued at $657,000 after buying an additional 57 shares during the last quarter. Transatlantique Private Wealth LLC raised its position in shares of Ferguson by 3.0% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company's stock worth $394,000 after purchasing an additional 60 shares during the last quarter. Mayflower Financial Advisors LLC grew its position in Ferguson by 3.2% during the third quarter. Mayflower Financial Advisors LLC now owns 1,952 shares of the company's stock valued at $388,000 after buying an additional 61 shares during the period. Finally, GAMMA Investing LLC increased its position in Ferguson by 3.8% in the second quarter. GAMMA Investing LLC now owns 2,130 shares of the company's stock worth $412,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Price Performance

FERG traded down $2.83 on Tuesday, reaching $205.86. The company had a trading volume of 1,326,978 shares, compared to its average volume of 1,270,357. The business has a 50 day simple moving average of $198.70 and a 200 day simple moving average of $203.33. Ferguson plc has a 52-week low of $159.20 and a 52-week high of $225.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. The company has a market cap of $41.32 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.02 and a beta of 1.20.

Ferguson (NASDAQ:FERG - Get Free Report) last posted its earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.12. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The business had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. During the same quarter last year, the company earned $2.77 EPS. The company's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ferguson plc will post 9.77 EPS for the current year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, September 27th. Ferguson's payout ratio is presently 37.05%.

Wall Street Analyst Weigh In

FERG has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Ferguson from $225.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. UBS Group raised their target price on Ferguson from $228.00 to $236.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Citigroup increased their target price on shares of Ferguson from $203.00 to $221.00 and gave the company a "neutral" rating in a research note on Wednesday, September 18th. Royal Bank of Canada increased their target price on shares of Ferguson from $211.00 to $219.00 and gave the company an "outperform" rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group raised their target price on shares of Ferguson from $238.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.38.

Insider Transactions at Ferguson

In related news, CMO Victoria Morrissey sold 1,468 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $201.20, for a total value of $295,361.60. Following the completion of the transaction, the chief marketing officer now owns 5,205 shares of the company's stock, valued at approximately $1,047,246. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CMO Victoria Morrissey sold 1,468 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.20, for a total transaction of $295,361.60. Following the completion of the sale, the chief marketing officer now owns 5,205 shares in the company, valued at $1,047,246. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Garland Williams sold 1,118 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares of the company's stock, valued at approximately $378,696.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,313 shares of company stock worth $2,477,901. Company insiders own 0.16% of the company's stock.

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.