Goldman Sachs Group Inc. lowered its stake in Ferguson plc (NASDAQ:FERG – Get Rating) by 26.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,412,776 shares of the company’s stock after selling 888,346 shares during the period. Goldman Sachs Group Inc. owned 1.07% of Ferguson worth $432,827,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Metatron Capital SICAV plc purchased a new stake in shares of Ferguson in the 4th quarter worth approximately $812,000. Allianz Asset Management GmbH lifted its position in Ferguson by 3.2% in the 4th quarter. Allianz Asset Management GmbH now owns 793,621 shares of the company’s stock valued at $140,870,000 after acquiring an additional 24,388 shares in the last quarter. Deutsche Bank AG lifted its position in Ferguson by 2.1% in the 4th quarter. Deutsche Bank AG now owns 736,623 shares of the company’s stock valued at $132,142,000 after acquiring an additional 14,832 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Ferguson by 1.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 420,921 shares of the company’s stock valued at $75,509,000 after acquiring an additional 4,855 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Ferguson in the 4th quarter valued at approximately $477,000. Institutional investors own 46.84% of the company’s stock.
Several equities analysts recently issued reports on FERG shares. Jefferies Financial Group cut Ferguson from a “buy” rating to a “hold” rating in a research report on Monday, February 28th. Barclays started coverage on Ferguson in a research report on Friday, April 22nd. They issued an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft cut Ferguson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Credit Suisse Group lowered their price target on Ferguson from £114.75 ($141.47) to £103.65 ($127.79) in a report on Thursday. Finally, Zacks Investment Research raised Ferguson from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, March 2nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ferguson has an average rating of “Buy” and an average target price of $7,746.80.
Ferguson (NASDAQ:FERG – Get Rating) last announced its earnings results on Tuesday, March 15th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.20. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.04 billion. Sell-side analysts anticipate that Ferguson plc will post 8.87 earnings per share for the current year.
The business also recently announced a semi-annual dividend, which was paid on Friday, May 6th. Investors of record on Friday, March 25th were issued a $0.84 dividend. The ex-dividend date of this dividend was Thursday, March 24th. This represents a yield of 1.7%.
Ferguson Profile (Get Rating)
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 distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.
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