J.P. Morgan Private Wealth Advisors LLC Sells 2,211 Shares of Ferguson plc (NASDAQ:FERG)

J.P. Morgan Private Wealth Advisors LLC reduced its holdings in shares of Ferguson plc (NASDAQ:FERGFree Report) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,393 shares of the company’s stock after selling 2,211 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Ferguson were worth $6,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in Ferguson by 57.2% during 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 period. Vanguard Group Inc. lifted its stake in shares of Ferguson by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 9,046,579 shares of the company’s stock valued at $1,213,327,000 after buying an additional 191,587 shares in the last quarter. Norges Bank bought a new position in Ferguson in the 4th quarter worth $610,247,000. State Street Corp increased its stake in 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 buying an additional 1,799,483 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position 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 valued at $537,486,000 after acquiring an additional 123,731 shares in the last quarter.

Ferguson Trading Up 1.6 %

Shares of FERG stock opened at $192.80 on Wednesday. Ferguson plc has a 12-month low of $123.17 and a 12-month high of $194.13. 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 stock’s 50-day moving average price is $186.35 and its 200-day moving average price is $168.86. The stock has a market capitalization of $39.23 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 13.52 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on FERG

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.

Further Reading

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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