Ferguson plc (NASDAQ:FERG) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its holdings in Ferguson plc (NASDAQ:FERG) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,968 shares of the company’s stock after purchasing an additional 217 shares during the quarter. V Square Quantitative Management LLC’s holdings in Ferguson were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FERG. Bank of New York Mellon Corp grew its position in Ferguson by 375.4% during the second quarter. Bank of New York Mellon Corp now owns 6,289,864 shares of the company’s stock valued at $1,218,032,000 after acquiring an additional 4,966,821 shares during the period. Price T Rowe Associates Inc. MD grew its position in Ferguson by 589.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,619,637 shares of the company’s stock valued at $353,778,000 after acquiring an additional 1,384,570 shares during the period. Dimensional Fund Advisors LP grew its position in Ferguson by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,563,558 shares of the company’s stock valued at $302,781,000 after acquiring an additional 153,757 shares during the period. First Pacific Advisors LP grew its position in Ferguson by 1.4% during the second quarter. First Pacific Advisors LP now owns 1,104,289 shares of the company’s stock valued at $213,846,000 after acquiring an additional 15,700 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Ferguson by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 967,849 shares of the company’s stock valued at $187,424,000 after acquiring an additional 18,504 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FERG shares. UBS Group upped their target price on Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Jefferies Financial Group upped their price target on Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Citigroup lifted their price objective on shares of Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Robert W. Baird upped their target price on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Barclays lifted their price target on shares of Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and a consensus target price of $232.29.

Insider Transactions at Ferguson

In related news, VP Michael Jacobs sold 2,624 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $200.96, for a total transaction of $527,319.04. Following the sale, the vice president now owns 1,116 shares in the company, valued at $224,271.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Victoria Morrissey sold 1,468 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.20, for a total transaction of $295,361.60. Following the sale, the chief marketing officer now owns 5,205 shares in the company, valued at $1,047,246. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Jacobs sold 2,624 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the sale, the vice president now owns 1,116 shares in the company, valued at approximately $224,271.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,313 shares of company stock valued at $2,477,901. Insiders own 0.15% of the company’s stock.

Ferguson Stock Performance

Shares of FERG stock opened at $204.48 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. Ferguson plc has a one year low of $147.62 and a one year high of $225.63. The company’s 50-day simple moving average is $200.77 and its 200-day simple moving average is $205.11. The stock has a market capitalization of $41.29 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.37 and a beta of 1.20.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.86 by $0.12. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The business had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $8.01 billion. During the same quarter last year, the company posted $2.77 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Ferguson plc will post 9.86 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, September 27th. This represents a $3.16 annualized dividend and a dividend yield of 1.55%. Ferguson’s payout ratio is 34.54%.

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.