Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ferguson plc (NASDAQ:FERG - Free Report) by 23.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,324 shares of the company's stock after buying an additional 31,245 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Ferguson worth $29,156,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Ferguson by 3.7% in the third quarter. State Street Corp now owns 4,541,079 shares of the company's stock valued at $905,230,000 after buying an additional 161,662 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Ferguson by 944.4% in the fourth quarter. Parnassus Investments LLC now owns 3,537,155 shares of the company's stock worth $613,944,000 after acquiring an additional 3,198,477 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ferguson by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,197,621 shares of the company's stock worth $633,409,000 after acquiring an additional 25,677 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Ferguson by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,371,954 shares of the company's stock valued at $477,858,000 after purchasing an additional 133,769 shares in the last quarter. Finally, Cantillon Capital Management LLC grew its holdings in shares of Ferguson by 24.5% during the 4th quarter. Cantillon Capital Management LLC now owns 2,111,673 shares of the company's stock valued at $366,523,000 after purchasing an additional 415,002 shares during the last quarter. Institutional investors own 81.98% of the company's stock.
Ferguson Trading Down 2.0 %
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 1,530,107. The stock has a fifty day moving average price of $171.69 and a 200 day moving average price of $186.61. Ferguson plc has a fifty-two week low of $148.81 and a fifty-two week high of $225.63. The firm has a market cap of $31.04 billion, a PE ratio of 18.63, a P/E/G ratio of 1.69 and a beta of 1.28. 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 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. On average, equities analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be issued a $0.83 dividend. The ex-dividend date is Friday, March 21st. This represents a $3.32 annualized dividend and a yield of 2.14%. Ferguson's payout ratio is 40.84%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Citigroup cut their target price on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Wells Fargo & Company cut their price objective on Ferguson from $205.00 to $180.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on Ferguson from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 19th. Wolfe Research initiated coverage on Ferguson in a research report on Monday, March 17th. They issued a "peer perform" rating for the company. Finally, UBS Group restated a "neutral" rating and set a $193.00 price target (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $198.62.
Check Out 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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