Ferguson plc (NASDAQ:FERG) Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lowered its position in shares of Ferguson plc (NASDAQ:FERG) by 41.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,524 shares of the company’s stock after selling 13,043 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Ferguson were worth $3,215,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ferguson by 423.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,462,836 shares of the company’s stock worth $290,475,000 after purchasing an additional 1,183,143 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Ferguson by 7,632.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 677,684 shares of the company’s stock worth $117,626,000 after purchasing an additional 668,920 shares during the period. Southpoint Capital Advisors LP boosted its stake in Ferguson by 133.3% in the 3rd quarter. Southpoint Capital Advisors LP now owns 700,000 shares of the company’s stock worth $138,999,000 after buying an additional 400,000 shares during the last quarter. Barclays PLC boosted its position in shares of Ferguson by 76.9% in the third quarter. Barclays PLC now owns 867,593 shares of the company’s stock worth $172,281,000 after acquiring an additional 377,283 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Ferguson by 910.3% during the 4th quarter. SG Americas Securities LLC now owns 366,015 shares of the company’s stock valued at $63,529,000 after buying an additional 329,786 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.

Ferguson Stock Performance

Shares of Ferguson stock opened at $181.68 on Friday. Ferguson plc has a 12 month low of $167.27 and a 12 month high of $225.63. 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 $36.33 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. The business has a fifty day simple moving average of $189.66 and a 200-day simple moving average of $197.89.

Ferguson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, December 20th. This is an increase from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 1.83%. Ferguson’s payout ratio is presently 39.86%.

Analyst Upgrades and Downgrades

FERG has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $219.00 target price on shares of Ferguson in a report on Wednesday, December 11th. Berenberg Bank lifted their price objective on Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Bank of America upgraded shares of Ferguson from an “underperform” rating to a “buy” rating and upped their target price for the company from $185.00 to $225.00 in a research note on Wednesday, January 8th. Oppenheimer started coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 target price for the company. Finally, UBS Group reiterated a “neutral” rating and set a $193.00 price target (down from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and a consensus price target of $220.10.

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.