Ferguson plc (NASDAQ:FERG) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its stake in Ferguson plc (NASDAQ:FERG) by 8.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,536 shares of the company’s stock after selling 139 shares during the period. DGS Capital Management LLC’s holdings in Ferguson were worth $205,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FERG. Vanguard Group Inc. raised its position in Ferguson by 2.2% in the first quarter. Vanguard Group Inc. now owns 9,046,579 shares of the company’s stock valued at $1,213,327,000 after purchasing an additional 191,587 shares during the period. FMR LLC raised its holdings in shares of Ferguson by 14.4% in the 1st quarter. FMR LLC now owns 7,687,009 shares of the company’s stock valued at $1,012,828,000 after buying an additional 968,664 shares during the period. Norges Bank acquired a new position in Ferguson during the 4th quarter worth about $610,247,000. Barclays PLC boosted its holdings in Ferguson by 342.3% during the 4th quarter. Barclays PLC now owns 3,592,353 shares of the company’s stock valued at $456,120,000 after acquiring an additional 2,780,118 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Ferguson by 9.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,642,184 shares of the company’s stock valued at $353,394,000 after acquiring an additional 235,236 shares during the period.

Ferguson Stock Down 0.3 %

Shares of NASDAQ FERG opened at $154.00 on Thursday. The business has a 50-day moving average of $158.44 and a two-hundred day moving average of $147.07. The company has a market capitalization of $34.66 billion, a price-to-earnings ratio of 17.13 and a beta of 1.22. Ferguson plc has a 1 year low of $99.16 and a 1 year high of $164.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.78 and a quick ratio of 0.94.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FERG shares. JPMorgan Chase & Co. increased their price target on shares of Ferguson from $150.00 to $155.00 in a research report on Thursday, June 8th. TheStreet lowered shares of Ferguson from a “b-” rating to a “c+” rating in a report on Friday, June 23rd. Royal Bank of Canada boosted their price target on shares of Ferguson from $150.00 to $159.00 in a research note on Wednesday, June 7th. Truist Financial increased their price objective on Ferguson from $160.00 to $167.00 in a research note on Wednesday, June 7th. Finally, Raymond James assumed coverage on Ferguson in a research note on Friday, September 1st. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,142.63.

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.