Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its holdings in shares of Ferguson plc (NASDAQ:FERG – Free Report) by 81.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,500 shares of the company’s stock after buying an additional 32,500 shares during the quarter. Ferguson makes up approximately 1.0% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s investment portfolio, making the stock its 11th largest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Ferguson were worth $11,405,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of FERG. Dimensional Fund Advisors LP acquired a new position in Ferguson during the first quarter worth approximately $370,000. Sei Investments Co. boosted its holdings in shares of Ferguson by 11.5% during the first quarter. Sei Investments Co. now owns 34,620 shares of the company’s stock worth $4,669,000 after acquiring an additional 3,570 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Ferguson by 2.2% during the first quarter. Vanguard Group Inc. now owns 9,046,579 shares of the company’s stock worth $1,213,327,000 after acquiring an additional 191,587 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Ferguson by 100.4% during the first quarter. Baird Financial Group Inc. now owns 4,996 shares of the company’s stock worth $670,000 after acquiring an additional 2,503 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Ferguson by 31.4% during the first quarter. Loomis Sayles & Co. L P now owns 161,273 shares of the company’s stock worth $21,630,000 after acquiring an additional 38,584 shares during the period.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Ferguson from $160.00 to $167.00 in a report on Wednesday, June 7th. Barclays boosted their price objective on Ferguson from $175.00 to $185.00 in a report on Thursday, July 13th. William Blair assumed coverage on Ferguson in a report on Friday, July 7th. They set an “outperform” rating for the company. Royal Bank of Canada boosted their price objective on Ferguson from $150.00 to $159.00 in a report on Wednesday, June 7th. Finally, Raymond James began coverage on Ferguson in a report on Friday, September 1st. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,142.63.
Ferguson Stock Down 1.1 %
Shares of FERG stock opened at $153.50 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $158.49 and a 200 day simple moving average of $147.21. Ferguson plc has a 1 year low of $99.16 and a 1 year high of $164.00.
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.
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