Ferguson plc (NASDAQ:FERG) Stock Position Reduced by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC decreased its holdings in Ferguson plc (NASDAQ:FERGFree Report) by 5.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 39,393 shares of the company’s stock after selling 2,211 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Ferguson were worth $6,479,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Ferguson by 57.2% in the 2nd quarter. BlackRock Inc. now owns 12,690,268 shares of the company’s stock valued at $1,996,306,000 after buying an additional 4,618,603 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Ferguson by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 9,046,579 shares of the company’s stock worth $1,213,327,000 after purchasing an additional 191,587 shares during the last quarter. Norges Bank bought a new stake in shares of Ferguson in the 4th quarter worth about $610,247,000. State Street Corp grew its holdings in shares of Ferguson by 92.1% in the 2nd quarter. State Street Corp now owns 3,753,670 shares of the company’s stock worth $591,817,000 after purchasing an additional 1,799,483 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Ferguson by 3.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,416,728 shares of the company’s stock worth $537,486,000 after purchasing an additional 123,731 shares during the last quarter.

Wall Street Analysts Forecast Growth

FERG has been the topic of several analyst reports. Wells Fargo & Company raised shares of Ferguson from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 4th. Raymond James cut shares of Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Bank of America lowered shares of Ferguson from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 31st. Finally, TheStreet raised shares of Ferguson from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.50.

Check Out Our Latest Stock Report on Ferguson

Ferguson Price Performance

Shares of FERG opened at $192.80 on Wednesday. The company has a market cap of $39.23 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 13.52 and a beta of 1.26. Ferguson plc has a 1-year low of $123.17 and a 1-year high of $194.13. The company’s fifty day simple moving average is $186.35 and its 200 day simple moving average is $168.86. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68.

Ferguson (NASDAQ:FERGGet Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.04. The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.59 billion. Ferguson had a net margin of 6.14% and a return on equity of 39.53%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.95 earnings per share. On average, research analysts forecast that Ferguson plc will post 9.74 earnings per share for the current fiscal year.

Ferguson Company Profile

(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.

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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