Capital Performance Advisors LLP Makes New Investment in Ferguson plc (NASDAQ:FERG)

Capital Performance Advisors LLP acquired a new stake in Ferguson plc (NASDAQ:FERG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 186 shares of the company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Dedication LLC bought a new stake in Ferguson in the third quarter worth $27,000. EdgeRock Capital LLC purchased a new position in shares of Ferguson in the second quarter worth about $32,000. Reston Wealth Management LLC bought a new stake in shares of Ferguson in the 3rd quarter valued at about $40,000. Canoe Financial LP purchased a new stake in Ferguson during the 3rd quarter valued at about $41,000. Finally, Farther Finance Advisors LLC grew its position in Ferguson by 33.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 364 shares of the company’s stock worth $72,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Insider Buying and Selling

In other Ferguson news, SVP Garland Williams sold 1,118 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the transaction, the senior vice president now owns 1,882 shares of the company’s stock, valued at approximately $378,696.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Garland Williams sold 1,118 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the completion of the transaction, the senior vice president now directly owns 1,882 shares in the company, valued at $378,696.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Richard Winckler sold 1,325 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $201.75, for a total transaction of $267,318.75. Following the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $201,750. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,313 shares of company stock valued at $2,477,901 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Ferguson Trading Down 1.6 %

Shares of FERG opened at $207.46 on Monday. Ferguson plc has a 1-year low of $156.23 and a 1-year high of $225.63. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $198.64 and its 200-day moving average price is $203.36. The firm has a market capitalization of $41.65 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 2.02 and a beta of 1.20.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.86 by $0.12. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The business had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. During the same period last year, the business posted $2.77 earnings per share. Ferguson’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Ferguson plc will post 9.77 EPS for the current year.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.16 annualized dividend and a dividend yield of 1.52%. Ferguson’s dividend payout ratio is presently 37.05%.

Analyst Ratings Changes

FERG has been the subject of several recent research reports. Citigroup boosted their price objective on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Robert W. Baird upped their price target on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada raised their price target on shares of Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Jefferies Financial Group upped their price objective on shares of Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Barclays increased their target price on shares of Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $233.38.

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.