OMERS ADMINISTRATION Corp Has $2.45 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

OMERS ADMINISTRATION Corp decreased its holdings in shares of Ferguson plc (NASDAQ:FERG) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,093 shares of the company’s stock after selling 2,274 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Ferguson were worth $2,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Manchester Capital Management LLC boosted its position in shares of Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the period. LGT Financial Advisors LLC raised its stake in 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 purchasing an additional 102 shares during the last quarter. Berbice Capital Management LLC bought a new stake in Ferguson in the 4th quarter valued at $35,000. R Squared Ltd bought a new stake in Ferguson in the 4th quarter valued at $45,000. Finally, Private Trust Co. NA grew its position in Ferguson by 92.5% in the 4th quarter. Private Trust Co. NA now owns 258 shares of the company’s stock worth $45,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferguson in a research report on Tuesday, April 1st. They set a “hold” rating and a $174.00 price objective for the company. Barclays lowered their price target on Ferguson from $211.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $189.00 price objective on shares of Ferguson in a research report on Tuesday, March 18th. Citigroup decreased their price objective on Ferguson from $189.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Wolfe Research assumed coverage on Ferguson in a research note on Monday, March 17th. They issued a “peer perform” rating for the company. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.38.

Ferguson Stock Down 0.9%

Shares of NASDAQ FERG opened at $175.33 on Thursday. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $225.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The business has a fifty day moving average of $164.27 and a two-hundred day moving average of $179.80. The stock has a market cap of $35.06 billion, a PE ratio of 21.05, a PEG ratio of 1.69 and a beta of 1.14.

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

Ferguson Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, March 21st. Ferguson’s payout ratio is 40.84%.

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.