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

D.A. Davidson & CO. reduced its stake in Ferguson plc (NASDAQ:FERGFree Report) by 9.6% during the third quarter, HoldingsChannel.com reports. The fund owned 5,534 shares of the company’s stock after selling 588 shares during the quarter. D.A. Davidson & CO.’s holdings in Ferguson were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FERG. BlackRock Inc. lifted its position 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 buying an additional 4,618,603 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 acquiring an additional 191,587 shares during the last quarter. Norges Bank bought a new stake in Ferguson in the 4th quarter worth approximately $610,247,000. State Street Corp raised its holdings in shares of Ferguson by 92.1% during the 2nd quarter. State Street Corp now owns 3,753,670 shares of the company’s stock worth $591,817,000 after acquiring 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 2nd 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 during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James cut shares of 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. Wells Fargo & Company raised shares of Ferguson from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 4th. Finally, Bank of America cut Ferguson from a “neutral” rating to an “underperform” rating in a research note 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 given a buy rating to the stock. Based on data from MarketBeat.com, Ferguson has an average rating of “Moderate Buy” and an average price target of $166.50.

Check Out Our Latest Analysis on FERG

Ferguson Price Performance

FERG stock opened at $198.66 on Monday. The stock has a market cap of $40.43 billion, a PE ratio of 20.85, a P/E/G ratio of 14.16 and a beta of 1.26. Ferguson plc has a 12 month low of $123.17 and a 12 month high of $199.52. The company has a 50-day moving average price of $187.90 and a 200 day moving average price of $169.63. 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 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. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.59 billion. Ferguson had a return on equity of 39.53% and a net margin of 6.14%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.95 earnings per share. Equities research analysts anticipate 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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