CIBC Private Wealth Group LLC boosted its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 2,552.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,122 shares of the company's stock after buying an additional 24,175 shares during the period. CIBC Private Wealth Group LLC's holdings in Ferguson were worth $4,321,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of FERG. Manchester Capital Management LLC lifted its position in shares of Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after acquiring an additional 136 shares during the period. True Wealth Design LLC lifted its position in Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company's stock worth $29,000 after purchasing an additional 135 shares during the period. Berbice Capital Management LLC acquired a new stake in Ferguson during the fourth quarter worth $35,000. R Squared Ltd bought a new stake in Ferguson in the 4th quarter valued at $45,000. Finally, Private Trust Co. NA raised its stake in shares of Ferguson by 92.5% in the 4th quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after buying an additional 124 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.
Ferguson Price Performance
Shares of Ferguson stock traded down $3.19 during midday trading on Friday, reaching $155.22. The company had a trading volume of 4,323,025 shares, compared to its average volume of 1,532,635. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $171.69 and a 200 day simple moving average of $186.33. Ferguson plc has a 1-year low of $149.28 and a 1-year high of $225.63. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.
Ferguson (NASDAQ:FERG - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The company's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. As a group, equities research analysts forecast that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st will be given a dividend of $0.83 per share. The ex-dividend date is Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a yield of 2.14%. Ferguson's payout ratio is presently 40.84%.
Analysts Set New Price Targets
A number of research analysts have commented 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 note on Wednesday, March 12th. Zelman & Associates downgraded Ferguson from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft assumed coverage on Ferguson in a research report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 price target on the stock. Bank of America raised Ferguson from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on shares of Ferguson from $205.00 to $180.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Five 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 presently has a consensus rating of "Moderate Buy" and an average target price of $198.62.
Read Our Latest Research Report on FERG
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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