Impax Asset Management Group plc Lowers Holdings in Ferguson plc (NASDAQ:FERG)

Impax Asset Management Group plc reduced its stake in shares of Ferguson plc (NASDAQ:FERGFree Report) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,858 shares of the company’s stock after selling 7,124 shares during the quarter. Impax Asset Management Group plc owned about 0.17% of Ferguson worth $56,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FERG. Exchange Traded Concepts LLC grew its position in shares of Ferguson by 90.7% during the second quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Ferguson in the 1st quarter worth $38,000. Park Place Capital Corp purchased a new position in shares of Ferguson in the 2nd quarter worth $45,000. Resurgent Financial Advisors LLC purchased a new position in shares of Ferguson in the 4th quarter worth $47,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Ferguson by 25.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 311 shares of the company’s stock worth $49,000 after buying an additional 63 shares in the last quarter.

Analyst Ratings Changes

FERG has been the subject of a number of recent research reports. Wells Fargo & Company raised shares of Ferguson from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 4th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Ferguson in a research note on Wednesday, October 4th. Raymond James lowered shares of Ferguson from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Bank of America lowered shares of Ferguson from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 31st. Finally, TheStreet upgraded Ferguson from a “c+” rating to a “b-” rating in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.50.

Read Our Latest Analysis on FERG

Ferguson Stock Up 0.8 %

Shares of NASDAQ FERG opened at $190.86 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 1.71. The firm has a market capitalization of $38.84 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 13.49 and a beta of 1.24. The stock has a 50 day moving average price of $184.03 and a 200 day moving average price of $167.72. Ferguson plc has a 52-week low of $123.17 and a 52-week high of $194.13.

Ferguson (NASDAQ:FERGGet Free Report) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.04. Ferguson had a return on equity of 39.53% and a net margin of 6.14%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. Ferguson’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that Ferguson plc will post 9.74 earnings per share for the current year.

About Ferguson

(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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