Private Advisor Group LLC Sells 75 Shares of Ferguson plc (NASDAQ:FERG)

Private Advisor Group LLC lowered its holdings in shares of Ferguson plc (NASDAQ:FERG) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,439 shares of the company’s stock after selling 75 shares during the period. Private Advisor Group LLC’s holdings in Ferguson were worth $250,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FERG. US Bancorp DE boosted its stake in Ferguson by 25.0% during the third quarter. US Bancorp DE now owns 7,190 shares of the company’s stock worth $1,428,000 after acquiring an additional 1,440 shares in the last quarter. Stephens Inc. AR bought a new stake in Ferguson during the third quarter worth about $234,000. Farther Finance Advisors LLC boosted its stake in Ferguson by 33.8% during the third quarter. Farther Finance Advisors LLC now owns 364 shares of the company’s stock worth $72,000 after acquiring an additional 92 shares in the last quarter. Van ECK Associates Corp boosted its stake in Ferguson by 17.8% during the third quarter. Van ECK Associates Corp now owns 44,839 shares of the company’s stock worth $8,765,000 after acquiring an additional 6,767 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Ferguson by 72.2% during the third quarter. Amalgamated Bank now owns 19,382 shares of the company’s stock worth $3,849,000 after acquiring an additional 8,124 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Analyst Ratings Changes

FERG has been the topic of several analyst reports. Citigroup dropped their target price on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Ferguson from $215.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird dropped their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Zelman & Associates downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Morgan Stanley initiated coverage on shares of Ferguson in a research note on Monday, February 3rd. They issued an “overweight” rating and a $204.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.73.

Ferguson Stock Down 2.3 %

FERG opened at $166.73 on Friday. 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 firm has a 50 day moving average price of $177.52 and a 200-day moving average price of $192.32. Ferguson plc has a twelve month low of $165.14 and a twelve month high of $225.63. The stock has a market capitalization of $33.34 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.69 and a beta of 1.28.

Ferguson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, December 20th were issued a dividend of $0.83 per share. This is a boost from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, December 20th. Ferguson’s dividend payout ratio is currently 39.86%.

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.