Walleye Capital LLC Takes $1.03 Million Position in Ferguson plc (NASDAQ:FERG)

Walleye Capital LLC acquired a new stake in Ferguson plc (NASDAQ:FERGGet Rating) during the first quarter, Holdings Channel.com reports. The firm acquired 7,686 shares of the company’s stock, valued at approximately $1,031,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glassman Wealth Services acquired a new stake in shares of Ferguson in the 4th quarter valued at $32,000. Prospera Financial Services Inc purchased a new position in shares of Ferguson in the 1st quarter valued at $37,000. SRS Capital Advisors Inc. purchased a new position in shares of Ferguson in the 1st quarter valued at $54,000. Concourse Financial Group Securities Inc. grew its position in shares of Ferguson by 2,279.2% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 571 shares of the company’s stock valued at $78,000 after buying an additional 547 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Ferguson by 323.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $84,000 after buying an additional 479 shares during the last quarter. 43.10% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Trading Down 1.5 %

Shares of NASDAQ:FERG opened at $111.93 on Monday. The firm’s 50-day simple moving average is $119.06 and its 200-day simple moving average is $123.33. The company has a quick ratio of 0.88, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. Ferguson plc has a fifty-two week low of $105.08 and a fifty-two week high of $183.67.

Analysts Set New Price Targets

A number of research firms recently commented on FERG. Truist Financial dropped their target price on shares of Ferguson from $165.00 to $140.00 in a research report on Thursday, June 16th. UBS Group lowered their price objective on shares of Ferguson from £136.50 ($164.93) to £130 ($157.08) in a research report on Wednesday, June 15th. JPMorgan Chase & Co. initiated coverage on shares of Ferguson in a research report on Tuesday, September 13th. They set an “overweight” rating on the stock. Morgan Stanley lowered their price objective on shares of Ferguson from £127.50 ($154.06) to GBX 8,930 ($107.90) in a research report on Friday, July 8th. Finally, Barclays lowered their price objective on shares of Ferguson from $160.00 to $148.00 in a research report on Thursday, July 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8,535.38.

Ferguson Profile

(Get Rating)

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 distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.

Recommended Stories

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:FERGGet Rating).

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.