Teca Partners LP Has $17.20 Million Holdings in Ferguson plc (NASDAQ:FERG)

Teca Partners LP raised its holdings in shares of Ferguson plc (NASDAQ:FERG) by 288.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,099 shares of the company’s stock after acquiring an additional 73,576 shares during the quarter. Ferguson makes up about 11.0% of Teca Partners LP’s investment portfolio, making the stock its 4th biggest position. Teca Partners LP’s holdings in Ferguson were worth $17,201,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FERG. Manchester Capital Management LLC raised its stake in Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares during the period. Berbice Capital Management LLC purchased a new position in shares of Ferguson in the fourth quarter worth $35,000. Private Trust Co. NA lifted its holdings in shares of Ferguson by 92.5% in the fourth quarter. Private Trust Co. NA now owns 258 shares of the company’s stock worth $45,000 after buying an additional 124 shares in the last quarter. R Squared Ltd bought a new position in shares of Ferguson during the fourth quarter worth $45,000. Finally, Assetmark Inc. grew its stake in Ferguson by 41.1% during the fourth quarter. Assetmark Inc. now owns 333 shares of the company’s stock valued at $58,000 after acquiring an additional 97 shares in the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Ferguson Trading Down 1.9 %

NASDAQ FERG opened at $162.67 on Thursday. The firm has a market cap of $32.53 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $225.63. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $167.35 and a 200 day moving average price of $183.78.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same quarter in the prior year, the company posted $1.74 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Ferguson plc will post 9.4 EPS 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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, March 21st. Ferguson’s dividend payout ratio is presently 40.84%.

Wall Street Analysts Forecast Growth

Several research firms have commented on FERG. Royal Bank of Canada restated an “outperform” rating and set a $189.00 price objective on shares of Ferguson in a research report on Tuesday, March 18th. Barclays cut their price target on Ferguson from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Wells Fargo & Company boosted their target price on shares of Ferguson from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird set a $190.00 price target on Ferguson and gave the company an “outperform” rating in a report on Wednesday, March 12th. Finally, Wolfe Research assumed coverage on shares of Ferguson in a research note on Monday, March 17th. They set a “peer perform” rating for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.38.

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.