D.A. Davidson & CO. Sells 588 Shares of Ferguson plc (NASDAQ:FERG)

D.A. Davidson & CO. decreased its holdings in shares of Ferguson plc (NASDAQ:FERGFree Report) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,534 shares of the company’s stock after selling 588 shares during the period. D.A. Davidson & CO.’s holdings in Ferguson were worth $910,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Ferguson by 57.2% in the 2nd quarter. BlackRock Inc. now owns 12,690,268 shares of the company’s stock worth $1,996,306,000 after acquiring an additional 4,618,603 shares during the last quarter. Vanguard Group Inc. increased its holdings in Ferguson by 2.2% during 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 in the last quarter. Norges Bank purchased a new stake in shares of Ferguson in the fourth quarter worth approximately $610,247,000. State Street Corp lifted its holdings in shares of Ferguson by 92.1% in the second quarter. State Street Corp now owns 3,753,670 shares of the company’s stock valued at $591,817,000 after purchasing an additional 1,799,483 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Ferguson by 3.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,416,728 shares of the company’s stock valued at $537,486,000 after buying an additional 123,731 shares during the last quarter.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on FERG

Ferguson Trading Up 0.5 %

NASDAQ:FERG opened at $198.66 on Monday. Ferguson plc has a 12 month low of $123.17 and a 12 month high of $199.52. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $187.90 and its 200 day moving average is $169.63. The stock has a market capitalization of $40.43 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 14.16 and a beta of 1.26.

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

Ferguson 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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