Envestnet Asset Management Inc. Trims Position in Ferguson plc (NASDAQ:FERG)

Envestnet Asset Management Inc. decreased its holdings in Ferguson plc (NASDAQ:FERG) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 784,543 shares of the company’s stock after selling 34,412 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ferguson were worth $136,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FERG. Manchester Capital Management LLC lifted its position in shares of Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares during the period. Berbice Capital Management LLC purchased a new stake in Ferguson in the fourth quarter worth about $35,000. R Squared Ltd bought a new stake in Ferguson during the 4th quarter valued at approximately $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 acquiring an additional 124 shares during the period. Finally, Assetmark Inc. raised its position in shares of Ferguson by 41.1% in the 4th quarter. Assetmark Inc. now owns 333 shares of the company’s stock worth $58,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Down 2.3 %

Ferguson stock opened at $152.05 on Tuesday. The firm has a market cap of $30.40 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.69 and a beta of 1.17. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson plc has a 12 month low of $146.15 and a 12 month high of $225.63. The stock has a fifty day simple moving average of $171.04 and a two-hundred day simple moving average of $185.94.

Ferguson (NASDAQ:FERG) last released its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. Ferguson’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. Equities analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be given a dividend of $0.83 per share. The ex-dividend date is Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a yield of 2.18%. Ferguson’s dividend payout ratio (DPR) is 40.84%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $190.00 price target on Ferguson and gave the company an “outperform” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $189.00 target price on shares of Ferguson in a research report on Tuesday, March 18th. Morgan Stanley initiated coverage on shares of Ferguson in a research report on Monday, February 3rd. They set an “overweight” rating and a $204.00 price target for the company. Citigroup cut their price objective on shares of Ferguson from $189.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Bank of America upgraded shares of Ferguson from an “underperform” rating to a “buy” rating and lifted their target price for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and a consensus price target of $198.62.

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.