Lansforsakringar Fondforvaltning AB publ Raises Stock Position in Ferguson plc $FERG

Lansforsakringar Fondforvaltning AB publ lifted its position in Ferguson plc (NASDAQ:FERG) by 4.1% in the first quarter, Holdings Channel reports. The firm owned 2,234 shares of the company’s stock after buying an additional 89 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Ferguson were worth $358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FERG. OMERS ADMINISTRATION Corp increased its holdings in Ferguson by 13.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 15,937 shares of the company’s stock worth $2,554,000 after purchasing an additional 1,844 shares during the period. Eisler Capital Management Ltd. bought a new position in shares of Ferguson during the 1st quarter worth $334,000. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Ferguson by 32.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 35,807 shares of the company’s stock valued at $5,737,000 after buying an additional 8,788 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Ferguson by 897.9% in the first quarter. Transamerica Financial Advisors LLC now owns 469 shares of the company’s stock valued at $76,000 after acquiring an additional 422 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Ferguson by 191.1% in the first quarter. Ieq Capital LLC now owns 19,184 shares of the company’s stock worth $3,074,000 after acquiring an additional 12,593 shares during the period. Institutional investors own 81.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Oppenheimer raised their target price on shares of Ferguson from $189.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada increased their price objective on shares of Ferguson from $189.00 to $231.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Berenberg Bank reissued a “hold” rating and issued a $215.00 price objective on shares of Ferguson in a research note on Thursday, June 5th. Morgan Stanley restated 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 lifted 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. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.64.

Ferguson Price Performance

NASDAQ FERG opened at $231.13 on Monday. The firm’s fifty day simple moving average is $224.67 and its two-hundred day simple moving average is $193.09. The firm has a market capitalization of $45.58 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.69 and a beta of 1.16. 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 plc has a 12-month low of $146.00 and a 12-month high of $238.16.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%.During the same quarter last year, the firm posted $2.32 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that Ferguson plc will post 9.4 EPS for the current fiscal 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.