Ferguson plc (NASDAQ:FERG) Shares Sold by Investmentaktiengesellschaft Fuer Langfristige Investoren TGV

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV decreased its holdings in Ferguson plc (NASDAQ:FERG) by 15.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,500 shares of the company’s stock after selling 9,500 shares during the period. Ferguson makes up approximately 0.7% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s portfolio, making the stock its 13th biggest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Ferguson were worth $9,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its position in shares of Ferguson by 5.7% during the fourth quarter. Vontobel Holding Ltd. now owns 542,455 shares of the company’s stock worth $104,318,000 after purchasing an additional 29,396 shares in the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of Ferguson by 20.8% during the fourth quarter. Lighthouse Investment Partners LLC now owns 60,406 shares of the company’s stock worth $11,663,000 after purchasing an additional 10,406 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ferguson during the fourth quarter worth $732,000. Brown Advisory Inc. lifted its position in shares of Ferguson by 44.9% during the fourth quarter. Brown Advisory Inc. now owns 2,371,704 shares of the company’s stock worth $457,905,000 after purchasing an additional 735,270 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Ferguson by 807.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,515 shares of the company’s stock worth $2,802,000 after purchasing an additional 12,915 shares in the last quarter. 81.98% of the stock is owned by hedge funds and other institutional investors.

Ferguson Stock Performance

Shares of Ferguson stock traded down $6.11 during trading on Friday, hitting $201.47. 1,310,743 shares of the stock were exchanged, compared to its average volume of 1,198,247. The stock’s fifty day moving average is $211.26 and its 200 day moving average is $201.68. The stock has a market cap of $40.68 billion, a PE ratio of 22.02, a P/E/G ratio of 8.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. Ferguson plc has a 12 month low of $147.62 and a 12 month high of $224.86.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.32 billion. Ferguson had a net margin of 6.33% and a return on equity of 36.89%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, sell-side analysts anticipate that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 14th. Ferguson’s payout ratio is currently 34.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FERG shares. Barclays reduced their target price on shares of Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 5th. Royal Bank of Canada cut their price target on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.50.

Ferguson Company 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.