Amalgamated Bank Sells 1,718 Shares of Ferguson plc (NASDAQ:FERG)

Amalgamated Bank lessened its position in shares of Ferguson plc (NASDAQ:FERG) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,209 shares of the company’s stock after selling 1,718 shares during the period. Amalgamated Bank’s holdings in Ferguson were worth $3,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. lifted its stake in shares of Ferguson by 5.7% in the 4th quarter. Vontobel Holding Ltd. now owns 542,455 shares of the company’s stock valued at $104,318,000 after purchasing an additional 29,396 shares during the period. Nisa Investment Advisors LLC increased its stake in Ferguson by 807.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,515 shares of the company’s stock valued at $2,802,000 after purchasing an additional 12,915 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Ferguson by 37.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 30,707 shares of the company’s stock worth $5,929,000 after buying an additional 8,395 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Ferguson by 491.4% in the fourth quarter. SG Americas Securities LLC now owns 220,483 shares of the company’s stock valued at $42,569,000 after buying an additional 183,199 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Ferguson by 102.0% during the fourth quarter. Handelsbanken Fonder AB now owns 77,767 shares of the company’s stock valued at $15,014,000 after buying an additional 39,267 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Trading Up 0.3 %

NASDAQ:FERG opened at $219.53 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97. Ferguson plc has a one year low of $141.47 and a one year high of $224.86. The company has a market cap of $44.52 billion, a PE ratio of 25.53, a PEG ratio of 9.13 and a beta of 1.27. The firm has a 50-day moving average of $213.59 and a 200-day moving average of $192.50.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.08). The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. As a group, equities research analysts expect that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 14th. Ferguson’s dividend payout ratio is 36.74%.

Ferguson Profile

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.