Oliver Luxxe Assets LLC Has $3.22 Million Holdings in Ferguson plc (NASDAQ:FERG)

Oliver Luxxe Assets LLC cut its position in shares of Ferguson plc (NASDAQ:FERG) by 41.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,524 shares of the company’s stock after selling 13,043 shares during the period. Oliver Luxxe Assets LLC’s holdings in Ferguson were worth $3,215,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in Ferguson by 3.5% during the third quarter. FMR LLC now owns 8,468,003 shares of the company’s stock valued at $1,668,462,000 after acquiring an additional 288,935 shares in the last quarter. State Street Corp grew its position in Ferguson by 3.7% in the third quarter. State Street Corp now owns 4,541,079 shares of the company’s stock worth $905,230,000 after acquiring an additional 161,662 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ferguson by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,621 shares of the company’s stock worth $633,409,000 after purchasing an additional 25,677 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Ferguson by 6.0% during the 3rd quarter. Franklin Resources Inc. now owns 2,371,954 shares of the company’s stock valued at $477,858,000 after purchasing an additional 133,769 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ferguson by 423.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,462,836 shares of the company’s stock worth $290,475,000 after buying an additional 1,183,143 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Ferguson from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Barclays lowered their price target on Ferguson from $234.00 to $211.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Citigroup dropped their price target on Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $219.00 price target on shares of Ferguson in a report on Wednesday, December 11th. Finally, Oppenheimer initiated coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.10.

Ferguson Stock Performance

Shares of Ferguson stock opened at $181.68 on Friday. Ferguson plc has a 52 week low of $167.27 and a 52 week high of $225.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The stock has a market capitalization of $36.33 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.75 and a beta of 1.24. The firm has a fifty day moving average of $189.66 and a two-hundred day moving average of $197.89.

Ferguson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be given a dividend of $0.83 per share. This is an increase from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, December 20th. This represents a $3.32 annualized dividend and a dividend yield of 1.83%. Ferguson’s dividend payout ratio is currently 39.86%.

Ferguson Company 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.