USS Investment Management Ltd Acquires 656 Shares of Ferguson plc $FERG

USS Investment Management Ltd raised its holdings in Ferguson plc (NASDAQ:FERG) by 0.1% during the first quarter, Holdings Channel.com reports. The fund owned 1,195,466 shares of the company’s stock after purchasing an additional 656 shares during the period. Ferguson comprises about 1.5% of USS Investment Management Ltd’s holdings, making the stock its 19th largest holding. USS Investment Management Ltd’s holdings in Ferguson were worth $191,478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Algert Global LLC raised its holdings in Ferguson by 5.3% in the fourth quarter. Algert Global LLC now owns 6,623 shares of the company’s stock worth $1,150,000 after purchasing an additional 335 shares during the period. Captrust Financial Advisors raised its stake in Ferguson by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 13,656 shares of the company’s stock worth $2,370,000 after buying an additional 514 shares during the period. Brevan Howard Capital Management LP acquired a new stake in Ferguson during the 4th quarter worth $551,000. Centiva Capital LP acquired a new stake in Ferguson during the 4th quarter worth $480,000. Finally, Cetera Investment Advisers raised its stake in Ferguson by 16.9% during the 4th quarter. Cetera Investment Advisers now owns 10,452 shares of the company’s stock worth $1,814,000 after buying an additional 1,511 shares during the period. 81.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on FERG shares. Berenberg Bank reaffirmed a “hold” rating and issued a $215.00 price objective on shares of Ferguson in a research report on Thursday, June 5th. Wells Fargo & Company boosted their price target on Ferguson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. UBS Group lifted their price target on shares of Ferguson from $173.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Ferguson from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Oppenheimer lifted their price target on shares of Ferguson from $189.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $221.00.

Ferguson Stock Up 0.2%

Ferguson stock opened at $238.61 on Friday. The firm has a market capitalization of $47.05 billion, a PE ratio of 28.65, a P/E/G ratio of 1.69 and a beta of 1.15. The company’s 50-day moving average is $226.21 and its 200-day moving average is $194.74. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $243.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91.

About Ferguson

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.