Deutsche Bank AG Has $94.30 Million Stock Position in Ferguson plc (NASDAQ:FERG)

Deutsche Bank AG lowered its position in shares of Ferguson plc (NASDAQ:FERG) by 16.1% in the fourth quarter, HoldingsChannel reports. The fund owned 543,281 shares of the company’s stock after selling 103,967 shares during the period. Deutsche Bank AG’s holdings in Ferguson were worth $94,297,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC raised its position in shares of Ferguson by 18.2% during the 4th quarter. FMR LLC now owns 10,007,892 shares of the company’s stock valued at $1,740,049,000 after acquiring an additional 1,539,889 shares during the last quarter. Invesco Ltd. grew its stake in shares of Ferguson by 25.9% during the fourth quarter. Invesco Ltd. now owns 5,991,445 shares of the company’s stock worth $1,039,935,000 after purchasing an additional 1,231,120 shares during the period. Parnassus Investments LLC increased its holdings in Ferguson by 944.4% in the fourth quarter. Parnassus Investments LLC now owns 3,537,155 shares of the company’s stock valued at $613,944,000 after purchasing an additional 3,198,477 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ferguson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,215,657 shares of the company’s stock valued at $557,082,000 after buying an additional 18,036 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in Ferguson by 7.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,804,595 shares of the company’s stock valued at $486,814,000 after buying an additional 192,052 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Trading Up 0.1%

NASDAQ:FERG opened at $171.24 on Monday. The business has a 50 day moving average price of $163.79 and a two-hundred day moving average price of $179.98. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The company has a market cap of $34.24 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63.

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

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Friday, March 21st were given a $0.83 dividend. 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 dividend payout ratio is currently 40.84%.

Analysts Set New Price Targets

A number of analysts have recently commented on FERG shares. Robert W. Baird set a $190.00 price target on Ferguson and gave the company an “outperform” rating in a research note on Wednesday, March 12th. Oppenheimer lowered their target price on shares of Ferguson from $234.00 to $189.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Wolfe Research assumed coverage on shares of Ferguson in a report on Monday, March 17th. They issued a “peer perform” rating on the stock. Wells Fargo & Company boosted their price target on shares of Ferguson from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Finally, Barclays dropped their price objective on Ferguson from $211.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.38.

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.