Ferguson plc (NASDAQ:FERG) Stock Holdings Trimmed by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its holdings in shares of Ferguson plc (NASDAQ:FERGGet Rating) by 88.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,517 shares of the company’s stock after selling 75,660 shares during the period. Achmea Investment Management B.V.’s holdings in Ferguson were worth $999,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Ferguson by 102.2% during the 2nd quarter. Northern Trust Corp now owns 456,051 shares of the company’s stock valued at $50,490,000 after acquiring an additional 230,467 shares in the last quarter. Deutsche Bank AG raised its stake in Ferguson by 0.3% during the 2nd quarter. Deutsche Bank AG now owns 884,096 shares of the company’s stock valued at $97,879,000 after acquiring an additional 2,979 shares in the last quarter. FDx Advisors Inc. raised its stake in Ferguson by 17.0% during the 2nd quarter. FDx Advisors Inc. now owns 8,761 shares of the company’s stock valued at $970,000 after acquiring an additional 1,275 shares in the last quarter. Trian Fund Management L.P. raised its stake in Ferguson by 12.5% during the 2nd quarter. Trian Fund Management L.P. now owns 12,826,611 shares of the company’s stock valued at $1,420,034,000 after acquiring an additional 1,423,880 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Ferguson during the 1st quarter valued at $651,809,000. Institutional investors own 52.19% of the company’s stock.

Analyst Ratings Changes

FERG has been the topic of several research analyst reports. Zelman & Associates initiated coverage on Ferguson in a research report on Thursday, December 1st. They set a “buy” rating on the stock. Barclays lifted their price target on Ferguson from $148.00 to $159.00 in a research report on Wednesday, December 14th. Truist Financial lifted their price target on Ferguson from $130.00 to $138.00 in a research report on Thursday, December 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Ferguson from GBX 9,960 ($120.00) to GBX 9,630 ($116.02) in a research report on Monday, December 5th. Finally, JPMorgan Chase & Co. lowered their price target on Ferguson from £132 ($159.04) to £125 ($150.60) in a research report on Friday, September 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8,321.55.

Ferguson Stock Performance

Shares of NASDAQ FERG opened at $140.34 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.84 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 13.72 and a beta of 1.21. The stock’s fifty day simple moving average is $121.44 and its 200 day simple moving average is $116.88. Ferguson plc has a 52-week low of $99.16 and a 52-week high of $176.86.

Ferguson Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, December 16th will be given a $0.75 dividend. The ex-dividend date is Thursday, December 15th. This represents a dividend yield of 2.8%. Ferguson’s dividend payout ratio (DPR) is presently 34.90%.

About Ferguson

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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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