1 week Ago By ABMN Staff
Great Lakes Advisors LLC cut its position in Ferguson plc ( NASDAQ:FERG – Free Report ) by 28.0% in the second quarter, HoldingsChannel.com reports.
The firm owned 26,785 shares of the company’s stock after selling 10,403 shares during the quarter. Great Lakes Advisors LLC’s holdings in Ferguson were worth $5,187,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently modified their holdings of FERG.
Bank of New York Mellon Corp grew its stake in Ferguson by 375.4% during the second quarter. Bank of New York Mellon Corp now owns 6,289,864 shares of the company’s stock valued at $1,218,032,000 after acquiring an additional 4,966,821 shares in the last quarter.
Norges Bank purchased a new position in Ferguson during the fourth quarter valued at $988,852,000. Franklin Resources Inc. lifted its position in Ferguson by 4.
6% during the fourth quarter. Franklin Resources Inc. now owns 2,714,113 shares of the company’s stock valued at $524,014,000 after purchasing an additional 118,894 shares during the last quarter.
Brown Advisory Inc. lifted its position in Ferguson by 44.9% during the fourth quarter.
Brown Advisory Inc. now owns 2,371,704 shares of the company’s stock valued at $457,905,000 after purchasing an additional 735,270 shares during the last quarter. Finally, Price T Rowe Associates Inc.
MD lifted its position in Ferguson by 589.0% during the first quarter. Price T Rowe Associates Inc.
MD now owns 1,619,637 shares of the company’s stock valued at $353,778,000 after purchasing an additional 1,384,570 shares during the last quarter. 81.98% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research firms have recently issued reports on FERG. Barclays lowered their target price on shares of Ferguson from $232.00 to $229.
00 and set an “overweight” rating for the company in a report on Friday, July 12th. Royal Bank of Canada lowered their target price on shares of Ferguson from $217.00 to $211.
00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Ferguson from $238.00 to $250.
00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.
00. Ferguson Trading Down 1.5 % Shares of Ferguson stock opened at $190.
20 on Monday. The company has a current ratio of 1.68, a quick ratio of 0.
94 and a debt-to-equity ratio of 0.64. Ferguson plc has a 12-month low of $147.
62 and a 12-month high of $225.63. The firm has a market capitalization of $38.
41 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 5.75 and a beta of 1.
21. The firm’s 50 day simple moving average is $203.92 and its two-hundred day simple moving average is $207.
81. About Ferguson ( Free Report ) 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. See Also Want to see what other hedge funds are holding FERG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferguson plc ( NASDAQ:FERG – Free Report ).
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