Bank of Nova Scotia Has $244,000 Position in Ferguson plc (NASDAQ:FERG)

Bank of Nova Scotia reduced its stake in Ferguson plc (NASDAQ:FERGFree Report) by 98.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,263 shares of the company’s stock after selling 80,174 shares during the quarter. Bank of Nova Scotia’s holdings in Ferguson were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Qtron Investments LLC acquired a new stake in Ferguson in the 4th quarter worth approximately $413,000. Parnassus Investments LLC increased its position in Ferguson by 6.2% in the 4th quarter. Parnassus Investments LLC now owns 3,046 shares of the company’s stock worth $588,000 after buying an additional 179 shares during the period. Avestar Capital LLC increased its position in Ferguson by 19.9% in the 4th quarter. Avestar Capital LLC now owns 3,000 shares of the company’s stock worth $579,000 after buying an additional 497 shares during the period. First Pacific Advisors LP increased its position in Ferguson by 1.3% in the 4th quarter. First Pacific Advisors LP now owns 1,087,676 shares of the company’s stock worth $209,998,000 after buying an additional 14,158 shares during the period. Finally, Roundview Capital LLC increased its position in Ferguson by 33.9% in the 4th quarter. Roundview Capital LLC now owns 5,961 shares of the company’s stock worth $1,151,000 after buying an additional 1,508 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Stock Performance

Shares of NASDAQ:FERG opened at $198.68 on Monday. The business’s fifty day moving average price is $212.81 and its two-hundred day moving average price is $200.64. Ferguson plc has a fifty-two week low of $144.08 and a fifty-two week high of $224.86. The stock has a market capitalization of $40.12 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 8.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.97.

Ferguson (NASDAQ:FERGGet Free Report) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.32 billion. Ferguson had a return on equity of 36.89% and a net margin of 6.33%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. As a group, analysts predict that Ferguson plc will post 9.65 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 14th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, June 14th. Ferguson’s dividend payout ratio is currently 34.54%.

Wall Street Analysts Forecast Growth

FERG has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. Barclays dropped their price target on Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.50.

Read Our Latest Analysis on Ferguson

Ferguson Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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