267 Shares in Ferguson plc $FERG Bought by SVB Wealth LLC

SVB Wealth LLC bought a new position in Ferguson plc (NASDAQ:FERG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 267 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds also recently made changes to their positions in the company. Grove Bank & Trust increased its stake in shares of Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after buying an additional 141 shares during the period. Whipplewood Advisors LLC increased its stake in shares of Ferguson by 166.7% in the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after buying an additional 74 shares during the period. LGT Financial Advisors LLC increased its position in Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock valued at $34,000 after purchasing an additional 102 shares during the period. Finally, Brooklyn Investment Group increased its position in Ferguson by 103.6% during the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after purchasing an additional 115 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FERG has been the topic of a number of research analyst reports. Berenberg Bank reissued a “hold” rating and set a $215.00 price objective on shares of Ferguson in a research report on Thursday, June 5th. Wells Fargo & Company boosted their price objective on shares of Ferguson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada boosted their price objective on shares of Ferguson from $189.00 to $231.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. UBS Group boosted their price objective on shares of Ferguson from $173.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reissued an “overweight” rating and set a $220.00 price objective (up from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ferguson presently has an average rating of “Moderate Buy” and a consensus target price of $220.64.

Ferguson Stock Performance

Shares of FERG stock opened at $235.24 on Thursday. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $238.16. The stock has a market cap of $46.38 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average price is $223.96 and its 200-day moving average price is $192.24.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. During the same quarter in the previous year, the firm posted $2.32 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Profile

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.