Mn Services Vermogensbeheer B.V. Sells 2,300 Shares of Ferguson plc (NASDAQ:FERG)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Ferguson plc (NASDAQ:FERG) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,900 shares of the company’s stock after selling 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Ferguson were worth $15,473,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FERG. Richardson Financial Services Inc. acquired a new stake in shares of Ferguson during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC boosted its stake in Ferguson by 60.0% during the first quarter. Venturi Wealth Management LLC now owns 136 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in Ferguson during the second quarter worth $32,000. MCF Advisors LLC bought a new stake in Ferguson in the 1st quarter valued at $47,000. Finally, Avalon Trust Co acquired a new position in shares of Ferguson in the 4th quarter valued at $50,000. 81.98% of the stock is owned by institutional investors.

Ferguson Price Performance

Ferguson stock traded up $5.24 during trading hours on Friday, hitting $214.33. 756,926 shares of the stock were exchanged, compared to its average volume of 955,446. The stock has a market capitalization of $43.28 billion, a P/E ratio of 23.42, a P/E/G ratio of 6.28 and a beta of 1.22. The business’s 50-day moving average is $202.66 and its two-hundred day moving average is $207.38. 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 $225.63.

Ferguson (NASDAQ:FERG) last released its quarterly earnings results on Tuesday, June 4th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Ferguson had a return on equity of 36.89% and a net margin of 6.33%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same period in the prior year, the company earned $2.20 EPS. Ferguson’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts expect that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 14th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.47%. Ferguson’s dividend payout ratio is 34.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FERG shares. Royal Bank of Canada lowered their target price on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Jefferies Financial Group upped their price objective on Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Barclays dropped their target price on Ferguson from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

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.