Jump Financial LLC Invests $658,000 in Ferguson plc (NASDAQ:FERG)

Jump Financial LLC bought a new position in shares of Ferguson plc (NASDAQ:FERGFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,000 shares of the company’s stock, valued at approximately $658,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Ferguson during the fourth quarter valued at approximately $610,247,000. BlackRock Inc. grew its holdings in Ferguson by 57.2% in the second quarter. BlackRock Inc. now owns 12,690,268 shares of the company’s stock worth $1,996,306,000 after purchasing an additional 4,618,603 shares during the last quarter. Franklin Resources Inc. purchased a new position in Ferguson in the second quarter worth $365,342,000. State Street Corp grew its holdings in Ferguson by 92.1% in the second 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, Diamond Hill Capital Management Inc. purchased a new position in Ferguson in the second quarter worth $155,767,000.

Ferguson Trading Up 2.0 %

NASDAQ FERG opened at $197.64 on Friday. The company has a market capitalization of $40.22 billion, a PE ratio of 22.41, a P/E/G ratio of 13.74 and a beta of 1.26. The company has a fifty day moving average of $187.38 and a 200 day moving average of $169.24. Ferguson plc has a 1 year low of $123.17 and a 1 year high of $197.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.97.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. 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 downgraded shares of Ferguson from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Bank of America downgraded shares of Ferguson from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 31st. Finally, TheStreet upgraded shares of Ferguson from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.50.

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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.

See Also

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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