Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Ferguson plc (NASDAQ:FERG)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Ferguson plc (NASDAQ:FERGFree Report) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,358 shares of the company’s stock after selling 4,444 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Ferguson worth $24,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of 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. Vanguard Group Inc. grew its holdings in shares of Ferguson by 2.2% in the first 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 position in shares of Ferguson in the fourth quarter worth about $610,247,000. State Street Corp grew 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 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 second 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.

Analyst Ratings Changes

FERG has been the subject of a number of research reports. Raymond James lowered shares of Ferguson from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Wells Fargo & Company raised shares of Ferguson from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 4th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.50.

Read Our Latest Stock Report on FERG

Ferguson Stock Up 0.5 %

NASDAQ:FERG opened at $198.66 on Monday. Ferguson plc has a fifty-two week low of $123.17 and a fifty-two week high of $199.52. The stock has a market capitalization of $40.43 billion, a P/E ratio of 22.52, a P/E/G ratio of 14.16 and a beta of 1.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 1.71. The company’s 50-day simple moving average is $187.90 and its 200-day simple moving average is $169.63.

Ferguson (NASDAQ:FERGGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported $2.65 earnings per share 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 business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period last year, the business earned $2.95 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Ferguson plc will post 9.74 earnings per share for the current fiscal year.

About Ferguson

(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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