Mirabella Financial Services LLP Has $313,000 Stock Holdings in Ferguson plc (NASDAQ:FERG)

Mirabella Financial Services LLP lowered its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 96.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,801 shares of the company's stock after selling 48,389 shares during the period. Mirabella Financial Services LLP's holdings in Ferguson were worth $313,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FERG. Manchester Capital Management LLC boosted its holdings in Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after purchasing an additional 136 shares during the period. Berbice Capital Management LLC acquired a new stake in Ferguson during the fourth quarter worth approximately $35,000. R Squared Ltd acquired a new position in Ferguson in the 4th quarter valued at $45,000. Private Trust Co. NA grew its holdings in shares of Ferguson by 92.5% during the 4th quarter. Private Trust Co. NA now owns 258 shares of the company's stock worth $45,000 after purchasing an additional 124 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Ferguson by 41.1% in the fourth quarter. Assetmark Inc. now owns 333 shares of the company's stock worth $58,000 after purchasing an additional 97 shares during the period. 81.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

FERG has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Ferguson from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Robert W. Baird set a $190.00 price target on Ferguson and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $189.00 price objective on shares of Ferguson in a research note on Tuesday, March 18th. Zelman & Associates cut shares of Ferguson from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Finally, UBS Group reiterated a "neutral" rating and set a $193.00 price objective (down from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Ferguson presently has an average rating of "Moderate Buy" and an average price target of $199.38.

Ferguson Trading Up 3.9 %

Shares of NASDAQ FERG traded up $6.30 during trading on Thursday, reaching $169.49. The company had a trading volume of 1,851,457 shares, compared to its average volume of 1,578,835. The stock has a market cap of $33.89 billion, a P/E ratio of 20.35, a PEG ratio of 1.69 and a beta of 1.17. The company's fifty day moving average price is $165.11 and its 200-day moving average price is $182.46. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $225.63.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) 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 firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same quarter last year, the firm posted $1.74 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts expect that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, March 21st. Ferguson's dividend payout ratio (DPR) is presently 40.84%.

About Ferguson

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.