Amalgamated Bank Sells 1,718 Shares of Ferguson plc (NASDAQ:FERG)

Amalgamated Bank trimmed its position in shares of Ferguson plc (NASDAQ:FERG) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,209 shares of the company’s stock after selling 1,718 shares during the period. Amalgamated Bank’s holdings in Ferguson were worth $3,902,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in Ferguson in the 4th quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in Ferguson in the fourth quarter valued at $31,000. Private Trust Co. NA boosted its holdings in Ferguson by 146.1% in the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in Ferguson during the 3rd quarter valued at $47,000. Finally, Lindbrook Capital LLC raised its holdings in Ferguson by 150.0% in the 3rd quarter. Lindbrook Capital LLC now owns 320 shares of the company’s stock worth $53,000 after purchasing an additional 192 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 0.3 %

FERG stock opened at $219.53 on Thursday. The business’s 50 day moving average price is $213.59 and its two-hundred day moving average price is $192.50. 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 $44.52 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 9.13 and a beta of 1.27. Ferguson plc has a fifty-two week low of $141.47 and a fifty-two week high of $224.86.

Ferguson (NASDAQ:FERG) last issued its quarterly 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). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts forecast that Ferguson plc will post 9.66 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Friday, March 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, March 14th. Ferguson’s dividend payout ratio (DPR) is 36.74%.

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.