Bryn Mawr Capital Management LLC Sells 181 Shares of Ferguson plc (NASDAQ:FERG)

Bryn Mawr Capital Management LLC decreased its stake in shares of Ferguson plc (NASDAQ:FERG) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,252 shares of the company’s stock after selling 181 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ferguson were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Advocates Investment Management boosted its position in shares of Ferguson by 3.6% during the third quarter. Financial Advocates Investment Management now owns 1,943 shares of the company’s stock worth $320,000 after acquiring an additional 68 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Ferguson by 11.3% during the fourth quarter. Global Retirement Partners LLC now owns 701 shares of the company’s stock worth $131,000 after acquiring an additional 71 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Ferguson by 5.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,644 shares of the company’s stock worth $270,000 after acquiring an additional 82 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Ferguson by 0.5% during the third quarter. Daiwa Securities Group Inc. now owns 17,308 shares of the company’s stock worth $2,847,000 after acquiring an additional 91 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Ferguson by 146.1% during the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Up 0.2 %

FERG stock opened at $213.33 on Friday. The firm has a 50 day moving average of $212.10 and a 200 day moving average of $189.58. The stock has a market capitalization of $43.27 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 8.91 and a beta of 1.27. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. Ferguson plc has a 52 week low of $134.55 and a 52 week high of $224.86.

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

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, March 14th. Ferguson’s payout ratio is 36.74%.

Wall Street Analysts Forecast Growth

Several research firms have commented on FERG. Wells Fargo & Company upgraded shares of Ferguson from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 4th. Raymond James lowered shares of Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Ferguson currently has a consensus rating of “Moderate Buy” and an average target price of $166.50.

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.