Headlands Technologies LLC cut its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 21.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,058 shares of the company's stock after selling 6,188 shares during the period. Headlands Technologies LLC's holdings in Ferguson were worth $3,829,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Parnassus Investments LLC lifted its holdings in shares of Ferguson by 944.4% in the 4th quarter. Parnassus Investments LLC now owns 3,537,155 shares of the company's stock worth $613,944,000 after purchasing an additional 3,198,477 shares during the last quarter. Norges Bank acquired a new position in shares of Ferguson during the fourth quarter valued at $469,730,000. Schroder Investment Management Group bought a new position in shares of Ferguson during the fourth quarter worth about $239,539,000. Mawer Investment Management Ltd. increased its holdings in shares of Ferguson by 2,384.2% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,071,575 shares of the company's stock worth $185,993,000 after acquiring an additional 1,028,440 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in Ferguson by 339.9% in the 4th quarter. Vontobel Holding Ltd. now owns 1,234,776 shares of the company's stock valued at $214,320,000 after purchasing an additional 954,092 shares during the last quarter. Institutional investors own 81.98% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $189.00 price target on shares of Ferguson in a research note on Tuesday, March 18th. Wells Fargo & Company lowered their target price on Ferguson from $205.00 to $180.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Oppenheimer cut their target price on Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Berenberg Bank increased their price target on Ferguson from $224.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Zelman & Associates cut shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Ferguson presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.62.
Check Out Our Latest Stock Report on Ferguson
Ferguson Trading Down 2.0 %
FERG traded down $3.19 during 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 firm's 50-day simple moving average is $171.69 and its 200 day simple moving average is $186.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.69 and a beta of 1.17. Ferguson plc has a 12-month low of $149.28 and a 12-month high of $225.63.
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 the consensus estimate of $1.58 by ($0.06). The firm had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business's revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.74 earnings per share. Equities research analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.14%. Ferguson's payout ratio is currently 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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