Assetmark Inc. Has $58,000 Holdings in Ferguson plc (NASDAQ:FERG)

Assetmark Inc. grew its stake in Ferguson plc (NASDAQ:FERG) by 41.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 333 shares of the company’s stock after acquiring an additional 97 shares during the period. Assetmark Inc.’s holdings in Ferguson were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI increased its stake in shares of Ferguson by 97.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 6,184 shares of the company’s stock valued at $1,074,000 after acquiring an additional 3,047 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ferguson by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company’s stock worth $135,247,000 after purchasing an additional 52,776 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Ferguson by 53.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 354 shares of the company’s stock worth $61,000 after purchasing an additional 124 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Ferguson by 37.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,096 shares of the company’s stock worth $190,000 after purchasing an additional 296 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC increased its stake in Ferguson by 111.1% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 33,568 shares of the company’s stock worth $5,827,000 after purchasing an additional 17,669 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 3.1 %

FERG stock opened at $159.82 on Friday. 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 stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.69 and a beta of 1.28. The business’s fifty day moving average price is $175.89 and its two-hundred day moving average price is $190.10. Ferguson plc has a fifty-two week low of $152.52 and a fifty-two week high of $225.63.

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

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, March 21st. Ferguson’s payout ratio is currently 40.84%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FERG shares. Royal Bank of Canada lowered their target price on Ferguson from $211.00 to $189.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays decreased their price target on shares of Ferguson from $211.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley started coverage on shares of Ferguson in a research note on Monday, February 3rd. They set an “overweight” rating and a $204.00 price target for the company. Bank of America raised shares of Ferguson from an “underperform” rating to a “buy” rating and raised their price target for the stock from $185.00 to $225.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on shares of Ferguson from $205.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.64.

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.