Sei Investments Co. Has $47.72 Million Stock Position in Ferguson plc (NASDAQ:FERG)

Sei Investments Co. reduced its position in shares of Ferguson plc (NASDAQ:FERG) by 22.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 274,933 shares of the company’s stock after selling 81,659 shares during the quarter. Sei Investments Co. owned about 0.14% of Ferguson worth $47,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after buying an additional 135 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Ferguson during the 4th quarter valued at $35,000. Brooklyn Investment Group acquired a new position in shares of Ferguson in the 3rd quarter valued at $45,000. Finally, Private Trust Co. NA boosted its position in shares of Ferguson by 92.5% in the 4th quarter. Private Trust Co. NA now owns 258 shares of the company’s stock worth $45,000 after purchasing an additional 124 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zelman & Associates downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Morgan Stanley started coverage on Ferguson in a research note on Monday, February 3rd. They issued an “overweight” rating and a $204.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $189.00 price objective on shares of Ferguson in a report on Tuesday, March 18th. Berenberg Bank raised their target price on shares of Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Bank of America upgraded shares of Ferguson from an “underperform” rating to a “buy” rating and upped their price target for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.67.

Ferguson Price Performance

Shares of NASDAQ FERG opened at $162.27 on Monday. Ferguson plc has a fifty-two week low of $152.52 and a fifty-two week high of $225.63. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The business has a 50-day moving average of $175.01 and a 200-day moving average of $188.61.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.06). Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts predict that Ferguson plc will post 9.4 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, March 21st. Ferguson’s dividend payout ratio is 40.84%.

Ferguson 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.