Impax Asset Management Group plc Sells 4,410 Shares of Ferguson plc $FERG

Impax Asset Management Group plc decreased its position in Ferguson plc (NYSE:FERG) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,203 shares of the company’s stock after selling 4,410 shares during the quarter. Impax Asset Management Group plc’s holdings in Ferguson were worth $13,109,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hemington Wealth Management increased 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 purchasing an additional 52 shares during the period. US Bancorp DE lifted its stake in Ferguson by 0.8% in the 1st quarter. US Bancorp DE now owns 7,394 shares of the company’s stock valued at $1,185,000 after purchasing an additional 59 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Ferguson by 4.6% during the first quarter. Compound Planning Inc. now owns 1,386 shares of the company’s stock worth $222,000 after buying an additional 61 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Ferguson by 145.3% during the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. Finally, Natural Investments LLC grew its position in Ferguson by 1.5% during the 2nd quarter. Natural Investments LLC now owns 5,445 shares of the company’s stock worth $1,185,000 after acquiring an additional 80 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FERG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Ferguson in a research note on Wednesday, October 8th. Oppenheimer upped their price objective on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a report on Wednesday, September 10th. Zacks Research upgraded Ferguson to a “hold” rating in a research report on Friday, August 8th. Finally, Robert W. Baird raised their price objective on shares of Ferguson from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.75.

Ferguson Stock Down 4.1%

Ferguson stock opened at $242.87 on Friday. The stock has a market cap of $47.60 billion, a P/E ratio of 26.00, a P/E/G ratio of 2.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94. The stock has a 50 day moving average of $236.73. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $256.93.

Ferguson (NYSE:FERG) last released 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 return on equity of 35.21% and a net margin of 6.03%.The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.44 billion.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, September 26th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 26th. Ferguson’s dividend payout ratio is currently 35.55%.

Insider Activity at Ferguson

In related news, SVP Jake Schlicher sold 3,000 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $233.52, for a total value of $700,560.00. Following the completion of the sale, the senior vice president directly owned 11,651 shares of the company’s stock, valued at approximately $2,720,741.52. This represents a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William Brundage sold 3,000 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $233.32, for a total transaction of $699,960.00. Following the sale, the chief financial officer owned 52,631 shares in the company, valued at $12,279,864.92. The trade was a 5.39% decrease in their ownership of the stock. 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 in the last quarter. 0.18% of the stock is currently owned by insiders.

Ferguson Company 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.