4,476 Shares in Ferguson plc $FERG Bought by Banque Transatlantique SA

Banque Transatlantique SA purchased a new stake in Ferguson plc (NASDAQ:FERG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,476 shares of the company’s stock, valued at approximately $663,000.

A number of other institutional investors also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in shares of Ferguson by 247.4% during the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after buying an additional 141 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Ferguson by 166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Ferguson by 103.6% in the first 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 last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Ferguson in the first quarter valued at approximately $43,000. 81.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FERG. Barclays increased their target price on shares of Ferguson from $190.00 to $247.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on shares of Ferguson from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, June 6th. The Goldman Sachs Group initiated coverage on Ferguson in a report on Wednesday, June 18th. They issued a “buy” rating and a $280.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $220.00 target price (up previously from $195.00) on shares of Ferguson in a report on Monday, June 9th. Finally, Wells Fargo & Company increased their price target on Ferguson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.64.

Ferguson Stock Up 0.1%

FERG opened at $229.91 on Thursday. The stock’s fifty day simple moving average is $225.40 and its 200 day simple moving average is $193.92. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $238.16. The stock has a market cap of $45.33 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83.

Ferguson (NASDAQ:FERG) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping 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%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 earnings per share. As a group, research analysts expect that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Company 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.