Quantinno Capital Management LP Sells 4,193 Shares of Ferguson plc $FERG

Quantinno Capital Management LP decreased its stake in shares of Ferguson plc (NYSE:FERG) by 3.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 118,994 shares of the company’s stock after selling 4,193 shares during the period. Quantinno Capital Management LP owned 0.06% of Ferguson worth $27,757,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Raiffeisen Bank International AG boosted its holdings in shares of Ferguson by 350,745.0% during the 4th quarter. Raiffeisen Bank International AG now owns 522,759 shares of the company’s stock worth $116,382,000 after buying an additional 522,610 shares during the period. Marsico Capital Management LLC acquired a new position in Ferguson in the 4th quarter valued at $11,017,000. Lmcg Investments LLC bought a new position in Ferguson in the 1st quarter worth $1,806,000. V Square Quantitative Management LLC bought a new position in Ferguson in the 4th quarter worth $891,000. Finally, D.A. Davidson & CO. lifted its position in Ferguson by 89.6% during the 4th quarter. D.A. Davidson & CO. now owns 30,983 shares of the company’s stock worth $6,898,000 after acquiring an additional 14,644 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Performance

NYSE FERG opened at $234.49 on Friday. The company’s fifty day moving average is $230.62 and its two-hundred day moving average is $240.52. Ferguson plc has a 52-week low of $207.64 and a 52-week high of $271.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.78 and a quick ratio of 0.96. The firm has a market capitalization of $45.48 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.60 and a beta of 1.13.

Ferguson (NYSE:FERG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.14. The business had revenue of $7.47 billion during the quarter. Ferguson had a net margin of 6.98% and a return on equity of 38.81%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.50 EPS. Equities research analysts forecast that Ferguson plc will post 11.25 EPS for the current year.

Ferguson declared that its board has approved a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on FERG. Wells Fargo & Company upped their price target on shares of Ferguson from $260.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays lifted their price objective on Ferguson from $295.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings raised Ferguson from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Citigroup restated a “neutral” rating on shares of Ferguson in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their target price on Ferguson from $271.00 to $281.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and an average price target of $277.21.

About Ferguson

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.