Vancity Investment Management Ltd Sells 3,975 Shares of Ferguson plc $FERG

Vancity Investment Management Ltd cut its holdings in Ferguson plc (NYSE:FERG) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,649 shares of the company’s stock after selling 3,975 shares during the quarter. Ferguson accounts for approximately 1.9% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 20th largest position. Vancity Investment Management Ltd’s holdings in Ferguson were worth $12,970,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Sivia Capital Partners LLC lifted its position in Ferguson by 2.9% during the fourth quarter. Sivia Capital Partners LLC now owns 1,685 shares of the company’s stock valued at $375,000 after purchasing an additional 48 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ferguson by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the company’s stock worth $150,000 after buying an additional 48 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Ferguson by 4.3% during the 2nd quarter. Wedbush Securities Inc. now owns 1,197 shares of the company’s stock valued at $284,000 after buying an additional 49 shares in the last quarter. REAP Financial Group LLC raised its position in shares of Ferguson by 13.4% during the 4th quarter. REAP Financial Group LLC now owns 431 shares of the company’s stock valued at $96,000 after buying an additional 51 shares in the last quarter. Finally, L2 Asset Management LLC lifted its holdings in shares of Ferguson by 5.2% in the 2nd quarter. L2 Asset Management LLC now owns 1,109 shares of the company’s stock valued at $263,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Insider Transactions at Ferguson

In other Ferguson news, insider Jake Schlicher sold 5,177 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $230.92, for a total transaction of $1,195,472.84. Following the transaction, the insider directly owned 9,490 shares in the company, valued at $2,191,430.80. This trade represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by company insiders.

Ferguson Trading Up 0.1%

FERG opened at $228.53 on Monday. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.58 and a beta of 1.13. The stock’s 50 day moving average price is $235.52 and its 200-day moving average price is $238.07. Ferguson plc has a one year low of $207.64 and a one year high of $271.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.73.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Monday, August 10th. The company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.16. The firm had revenue of $8.75 billion during the quarter. Ferguson had a return on equity of 37.24% and a net margin of 6.82%. On average, equities analysts forecast that Ferguson plc will post 11.42 EPS for the current year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, August 21st will be paid a $0.89 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.56 annualized dividend and a yield of 1.6%. Ferguson’s dividend payout ratio is 41.83%.

Analyst Ratings Changes

FERG has been the subject of several recent research reports. Royal Bank Of Canada lifted their price target on Ferguson from $281.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Robert W. Baird raised their price objective on Ferguson from $285.00 to $288.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $261.00 target price on shares of Ferguson in a report on Tuesday, August 18th. Wells Fargo & Company increased their price target on Ferguson from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Sanford C. Bernstein raised their price target on Ferguson from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.57.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.