Riverwater Partners LLC Sells 110 Shares of Ferguson plc (NASDAQ:FERG)

Riverwater Partners LLC lowered its position in shares of Ferguson plc (NASDAQ:FERG) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,862 shares of the company’s stock after selling 110 shares during the quarter. Riverwater Partners LLC’s holdings in Ferguson were worth $757,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Asset Dedication LLC bought a new position in Ferguson in the 3rd quarter worth $27,000. EdgeRock Capital LLC bought a new position in shares of Ferguson in the second quarter worth about $32,000. MCF Advisors LLC purchased a new stake in shares of Ferguson during the first quarter worth about $47,000. Versant Capital Management Inc raised its stake in Ferguson by 2,462.5% during the 2nd quarter. Versant Capital Management Inc now owns 410 shares of the company’s stock valued at $79,000 after purchasing an additional 394 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in Ferguson in the 2nd quarter worth approximately $105,000. 81.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ferguson

In other news, VP Michael Jacobs sold 2,624 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $200.96, for a total value of $527,319.04. Following the sale, the vice president now directly owns 1,116 shares in the company, valued at approximately $224,271.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Garland Williams sold 1,118 shares of Ferguson stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael Jacobs sold 2,624 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $200.96, for a total value of $527,319.04. Following the completion of the sale, the vice president now owns 1,116 shares of the company’s stock, valued at $224,271.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock worth $2,477,901 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FERG. Citigroup lifted their price objective on shares of Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Jefferies Financial Group boosted their price target on shares of Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Barclays raised their price objective on Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Royal Bank of Canada boosted their target price on Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company cut their price target on Ferguson from $250.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and a consensus price target of $232.50.

Ferguson Price Performance

Shares of Ferguson stock opened at $195.50 on Thursday. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 3.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. The stock has a 50 day moving average price of $200.71 and a 200-day moving average price of $204.67. Ferguson plc has a one year low of $147.62 and a one year high of $225.63.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.86 by $0.12. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The company had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. During the same period in the previous year, the firm earned $2.77 earnings per share. Ferguson’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Ferguson plc will post 9.86 EPS for the current year.

Ferguson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, September 27th. Ferguson’s payout ratio is currently 37.05%.

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.