Ameriprise Financial Inc. Has $65.42 Million Stock Position in Ferguson plc (NASDAQ:FERG)

Ameriprise Financial Inc. cut its holdings in shares of Ferguson plc (NASDAQ:FERG) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 376,913 shares of the company’s stock after selling 23,688 shares during the quarter. Ameriprise Financial Inc.’s holdings in Ferguson were worth $65,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC grew its position in Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares in the last quarter. LGT Financial Advisors LLC grew its holdings in shares of Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock valued at $34,000 after acquiring an additional 102 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Ferguson in the fourth quarter worth $35,000. Private Trust Co. NA raised its holdings in shares of Ferguson by 92.5% during the fourth quarter. Private Trust Co. NA now owns 258 shares of the company’s stock worth $45,000 after acquiring an additional 124 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Ferguson during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Stock Up 0.1 %

NASDAQ FERG opened at $171.24 on Friday. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63. The stock has a market cap of $34.24 billion, a PE ratio of 20.56, a PEG ratio of 1.69 and a beta of 1.14. The firm has a 50-day simple moving average of $163.79 and a 200 day simple moving average of $180.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68.

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

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, March 21st. Ferguson’s payout ratio is 40.84%.

Wall Street Analysts Forecast Growth

Several research firms have commented on FERG. Wolfe Research initiated coverage on shares of Ferguson in a research report on Monday, March 17th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferguson in a research report on Tuesday, April 1st. They set a “hold” rating and a $174.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Ferguson in a research report on Tuesday, March 18th. Oppenheimer lowered their price objective on Ferguson from $234.00 to $189.00 and set an “outperform” rating on the stock in a report on Wednesday, March 12th. Finally, Zelman & Associates cut Ferguson from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.38.

About Ferguson

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.