Mawer Investment Management Ltd. grew its position in Ferguson plc (NASDAQ:FERG - Free Report) by 2,384.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,071,575 shares of the company's stock after buying an additional 1,028,440 shares during the quarter. Mawer Investment Management Ltd. owned 0.54% of Ferguson worth $185,993,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC lifted its holdings in Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after buying an additional 136 shares in the last quarter. True Wealth Design LLC raised its stake in shares of Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Ferguson in the fourth quarter valued at $35,000. Brooklyn Investment Group purchased a new position in Ferguson in the third quarter valued at $45,000. Finally, R Squared Ltd acquired a new position in Ferguson during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 81.98% of the company's stock.
Analyst Ratings Changes
FERG has been the subject of several recent research reports. Barclays decreased their price objective on Ferguson from $211.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Zelman & Associates cut shares of Ferguson from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Wolfe Research initiated coverage on shares of Ferguson in a report on Monday, March 17th. They issued a "peer perform" rating on the stock. Berenberg Bank lifted their price objective on shares of Ferguson from $224.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Citigroup dropped their target price on Ferguson from $189.00 to $168.00 and set a "neutral" 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $198.62.
Read Our Latest Stock Analysis on FERG
Ferguson Stock Performance
Shares of FERG stock traded down $4.86 during mid-day trading on Thursday, hitting $159.95. The stock had a trading volume of 1,341,082 shares, compared to its average volume of 1,513,005. The firm has a market cap of $31.98 billion, a PE ratio of 19.20, a PEG ratio of 1.69 and a beta of 1.28. Ferguson plc has a fifty-two week low of $152.52 and a fifty-two week high of $225.63. The company's 50-day simple moving average is $172.66 and its 200-day simple moving average is $187.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91.
Ferguson (NASDAQ:FERG - Get Free Report) last announced 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). Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same period in the prior year, the company earned $1.74 EPS. The company's revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, March 21st. Ferguson's dividend payout ratio (DPR) is 40.84%.
Ferguson Company Profile
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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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