Headlands Technologies LLC Has $97,000 Stock Position in Ferguson plc (NASDAQ:FERG)

Headlands Technologies LLC lessened its stake in Ferguson plc (NASDAQ:FERG) by 82.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 502 shares of the company’s stock after selling 2,313 shares during the quarter. Headlands Technologies LLC’s holdings in Ferguson were worth $97,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. FMR LLC increased its holdings in Ferguson by 2.8% during the 3rd quarter. FMR LLC now owns 7,247,612 shares of the company’s stock worth $1,198,094,000 after purchasing an additional 196,489 shares in the last quarter. Northern Trust Corp raised its position in Ferguson by 6.3% in the 3rd quarter. Northern Trust Corp now owns 1,693,464 shares of the company’s stock valued at $278,524,000 after buying an additional 99,758 shares during the last quarter. Brown Advisory Inc. lifted its stake in Ferguson by 86.9% in the 3rd quarter. Brown Advisory Inc. now owns 1,636,434 shares of the company’s stock valued at $269,144,000 after acquiring an additional 760,800 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Ferguson by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 922,025 shares of the company’s stock worth $151,648,000 after acquiring an additional 22,875 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Ferguson by 41.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 891,534 shares of the company’s stock worth $146,631,000 after acquiring an additional 259,197 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Ferguson Trading Up 0.9 %

Shares of NASDAQ:FERG opened at $215.24 on Tuesday. Ferguson plc has a 52-week low of $137.12 and a 52-week high of $224.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The company has a market capitalization of $43.65 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 8.91 and a beta of 1.27. The company has a 50-day simple moving average of $212.43 and a 200 day simple moving average of $190.05.

Ferguson (NASDAQ:FERG) last issued its earnings results on Tuesday, March 5th. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Sell-side analysts forecast that Ferguson plc will post 9.66 earnings per share for the current year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.16 annualized dividend and a yield of 1.47%. Ferguson’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company raised shares of Ferguson from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 4th. Raymond James downgraded Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.50.

Ferguson Company 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.