FDx Advisors Inc. Sells 982 Shares of Ferguson plc (NASDAQ:FERG)

FDx Advisors Inc. lowered its position in Ferguson plc (NASDAQ:FERG) by 28.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,513 shares of the company’s stock after selling 982 shares during the period. FDx Advisors Inc.’s holdings in Ferguson were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ferguson by 423.0% in the 3rd 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. Vontobel Holding Ltd. raised its position in Ferguson by 339.9% in the 4th quarter. Vontobel Holding Ltd. now owns 1,234,776 shares of the company’s stock worth $214,320,000 after purchasing an additional 954,092 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Ferguson by 7,632.6% in 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 last quarter. Southpoint Capital Advisors LP raised its position 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 purchasing an additional 400,000 shares during the last quarter. Finally, Barclays PLC raised its position in Ferguson by 76.9% in the 3rd quarter. Barclays PLC now owns 867,593 shares of the company’s stock worth $172,281,000 after purchasing an additional 377,283 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FERG shares. Robert W. Baird lowered their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Morgan Stanley started coverage on shares of Ferguson in a report on Monday, February 3rd. They set an “overweight” rating and a $204.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Ferguson from $215.00 to $205.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Zelman & Associates lowered shares of Ferguson from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Citigroup lowered their target price on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $217.73.

Ferguson Price Performance

Shares of FERG stock opened at $179.42 on Friday. Ferguson plc has a 12-month low of $167.27 and a 12-month high of $225.63. The firm has a market capitalization of $35.88 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. 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 fifty day moving average of $178.87 and a 200-day moving average of $194.24.

Ferguson Increases Dividend

The business also recently disclosed 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 boost from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, December 20th. Ferguson’s payout ratio is currently 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.