Tidal Investments LLC Decreases Stake in Ferguson plc (NASDAQ:FERG)

Tidal Investments LLC lessened its holdings in Ferguson plc (NASDAQ:FERGFree Report) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,262 shares of the company’s stock after selling 244 shares during the period. Tidal Investments LLC’s holdings in Ferguson were worth $846,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Asset Dedication LLC bought a new position in Ferguson during the third quarter valued at about $27,000. True Wealth Design LLC raised its position in Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after acquiring an additional 135 shares during the period. Capital Performance Advisors LLP purchased a new position in Ferguson in the third quarter valued at about $37,000. Peterson Financial Group Inc. bought a new position in shares of Ferguson during the 3rd quarter valued at approximately $39,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Ferguson during the 3rd quarter worth approximately $40,000. 81.98% of the stock is owned by institutional investors.

Insider Transactions at Ferguson

In related news, SVP Garland Williams sold 1,118 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the sale, the senior vice president now directly owns 1,882 shares of the company’s stock, valued at $378,696.04. This trade represents a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael Jacobs sold 2,624 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the completion of the transaction, the vice president now directly owns 1,116 shares of the company’s stock, valued at approximately $224,271.36. This represents a 70.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,313 shares of company stock valued at $2,477,901. 0.16% of the stock is currently owned by company insiders.

Ferguson Trading Up 2.0 %

Shares of FERG opened at $178.17 on Friday. Ferguson plc has a twelve month low of $172.00 and a twelve month high of $225.63. The stock has a market cap of $35.62 billion, a PE ratio of 21.39, a P/E/G ratio of 1.90 and a beta of 1.21. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $202.08 and its 200-day moving average price is $201.47.

Ferguson (NASDAQ:FERGGet Free Report) last posted its earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.12. Ferguson had a net margin of 5.68% and a return on equity of 34.85%. The business had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. During the same quarter in the prior year, the firm posted $2.77 EPS. Ferguson’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be given a dividend of $0.83 per share. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, December 20th. Ferguson’s payout ratio is 39.86%.

Wall Street Analyst Weigh In

FERG has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $219.00 price objective on shares of Ferguson in a research note on Wednesday, December 11th. Citigroup upped their price target on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Oppenheimer initiated coverage on Ferguson in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price objective for the company. Barclays dropped their price objective on shares of Ferguson from $245.00 to $234.00 and set an “overweight” rating on the stock in a report on Thursday, December 12th. Finally, Berenberg Bank lifted their target price on shares of Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ferguson currently has an average rating of “Moderate Buy” and an average target price of $230.44.

View Our Latest Research Report on FERG

Ferguson Company 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.

Read More

Want to see what other hedge funds are holding FERG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferguson plc (NASDAQ:FERGFree Report).

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.