Mirae Asset Global Investments Co. Ltd. Has $3.80 Million Stock Position in Ferguson plc (NASDAQ:FERG)

Mirae Asset Global Investments Co. Ltd. increased its position in Ferguson plc (NASDAQ:FERG) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,680 shares of the company’s stock after buying an additional 2,046 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ferguson were worth $3,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FERG. Financial Advocates Investment Management lifted its stake in shares of Ferguson by 3.6% in the third quarter. Financial Advocates Investment Management now owns 1,943 shares of the company’s stock valued at $320,000 after buying an additional 68 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Ferguson by 11.3% during the 4th quarter. Global Retirement Partners LLC now owns 701 shares of the company’s stock valued at $131,000 after purchasing an additional 71 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Ferguson by 5.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,644 shares of the company’s stock worth $270,000 after purchasing an additional 82 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Ferguson by 12.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 752 shares of the company’s stock worth $94,000 after purchasing an additional 83 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Ferguson by 0.5% in the third quarter. Daiwa Securities Group Inc. now owns 17,308 shares of the company’s stock valued at $2,847,000 after purchasing an additional 91 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 0.2 %

Shares of NASDAQ:FERG opened at $215.41 on Wednesday. Ferguson plc has a 1 year low of $130.09 and a 1 year high of $224.86. The company has a market capitalization of $43.69 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 9.03 and a beta of 1.27. The business has a fifty day moving average price of $209.81 and a two-hundred day moving average price of $187.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97.

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

Ferguson Announces Dividend

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

Analyst Ratings Changes

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

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.