Callan Family Office LLC Acquires New Stake in Ferguson plc (NASDAQ:FERG)

Callan Family Office LLC bought a new position in shares of Ferguson plc (NASDAQ:FERG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,763 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Ferguson by 3.5% during the 3rd quarter. FMR LLC now owns 8,468,003 shares of the company’s stock valued at $1,668,462,000 after purchasing an additional 288,935 shares during the period. State Street Corp boosted its stake in Ferguson by 3.7% during the third quarter. State Street Corp now owns 4,541,079 shares of the company’s stock valued at $905,230,000 after buying an additional 161,662 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ferguson by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,197,621 shares of the company’s stock worth $633,409,000 after acquiring an additional 25,677 shares during the period. Franklin Resources Inc. grew its holdings in Ferguson by 6.0% during the third quarter. Franklin Resources Inc. now owns 2,371,954 shares of the company’s stock worth $477,858,000 after acquiring an additional 133,769 shares during the period. Finally, Cantillon Capital Management LLC raised its position in Ferguson by 24.5% in the fourth quarter. Cantillon Capital Management LLC now owns 2,111,673 shares of the company’s stock worth $366,523,000 after acquiring an additional 415,002 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Stock Performance

Shares of FERG opened at $165.71 on Tuesday. Ferguson plc has a one year low of $163.01 and a one year high of $225.63. The company has a 50-day moving average of $177.22 and a two-hundred day moving average of $191.51. The stock has a market cap of $33.13 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FERG shares. Royal Bank of Canada restated an “outperform” rating and set a $219.00 price objective on shares of Ferguson in a research report on Wednesday, December 11th. Bank of America upgraded shares of Ferguson from an “underperform” rating to a “buy” rating and raised their price objective for the company from $185.00 to $225.00 in a research report on Wednesday, January 8th. Robert W. Baird reduced their price objective on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Barclays reduced their price objective on shares of Ferguson from $234.00 to $211.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Berenberg Bank raised their price objective on shares of Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $217.73.

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.