Ferguson plc $FERG Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its holdings in Ferguson plc (NYSE:FERG) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,142 shares of the company’s stock after acquiring an additional 2,328 shares during the quarter. Atria Investments Inc’s holdings in Ferguson were worth $2,426,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. TD Private Client Wealth LLC grew its position in Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Ferguson by 51.5% during the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after buying an additional 52 shares during the last quarter. Brooklyn Investment Group increased its position in Ferguson by 103.6% in the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after acquiring an additional 115 shares during the period. Fifth Third Bancorp raised its stake in Ferguson by 230.8% during the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock valued at $37,000 after acquiring an additional 120 shares during the last quarter. Finally, Maseco LLP purchased a new stake in Ferguson during the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Stock Performance

Shares of NYSE FERG opened at $247.66 on Tuesday. The stock’s fifty day moving average is $234.12. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The stock has a market cap of $48.54 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.05 and a beta of 1.17. Ferguson plc has a one year low of $146.00 and a one year high of $252.52.

Ferguson (NYSE:FERG) last announced its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.44 billion.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be issued a $0.83 dividend. The ex-dividend date is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.3%. Ferguson’s dividend payout ratio is currently 35.55%.

Wall Street Analysts Forecast Growth

FERG has been the topic of a number of recent research reports. Zacks Research raised Ferguson to a “hold” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ferguson in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Ferguson from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Vertical Research started coverage on shares of Ferguson in a research note on Monday, October 20th. They issued a “buy” rating and a $291.99 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $240.80.

Insider Transactions at Ferguson

In related news, insider Kevin Michael Murphy sold 8,800 shares of Ferguson stock in a transaction on Monday, October 13th. The stock was sold at an average price of $234.13, for a total transaction of $2,060,344.00. Following the completion of the transaction, the insider directly owned 159,931 shares of the company’s stock, valued at approximately $37,444,645.03. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James A. Paisley sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $236.97, for a total value of $710,910.00. Following the completion of the sale, the insider directly owned 2,211 shares in the company, valued at $523,940.67. This trade represents a 57.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,264 shares of company stock worth $6,853,349 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Ferguson Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.