Andra AP fonden Has $19.53 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

Andra AP fonden lessened its stake in Ferguson plc (NASDAQ:FERG) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,500 shares of the company’s stock after selling 32,700 shares during the quarter. Andra AP fonden’s holdings in Ferguson were worth $19,527,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after buying an additional 135 shares during the period. Manchester Capital Management LLC increased its position in shares of Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Ferguson during the 3rd quarter worth about $37,000. Peterson Financial Group Inc. acquired a new stake in shares of Ferguson during the 3rd quarter worth about $39,000. Finally, Ashton Thomas Securities LLC bought a new stake in Ferguson during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company reduced 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. Royal Bank of Canada reissued an “outperform” rating and set a $219.00 price objective on shares of Ferguson 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 report on Friday, January 17th. UBS Group reiterated a “neutral” rating and issued a $193.00 price objective (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their price objective on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Ferguson presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.73.

Ferguson Price Performance

Shares of FERG opened at $166.73 on Friday. Ferguson plc has a 12-month low of $165.14 and a 12-month high of $225.63. The business’s fifty day moving average is $177.52 and its 200 day moving average is $192.32. 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 stock has a market cap of $33.34 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.69 and a beta of 1.28.

Ferguson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Friday, December 20th were given a $0.83 dividend. This is a positive change 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 presently 39.86%.

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.