Ferguson plc (NASDAQ:FERG) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its holdings in shares of Ferguson plc (NASDAQ:FERGGet Rating) by 26.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,412,776 shares of the company’s stock after selling 888,346 shares during the period. Goldman Sachs Group Inc.’s holdings in Ferguson were worth $432,827,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Advisor Group Holdings Inc. lifted its holdings in Ferguson by 2.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,318 shares of the company’s stock worth $596,000 after buying an additional 70 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Ferguson by 2.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,639 shares of the company’s stock worth $472,000 after buying an additional 74 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Ferguson by 10.8% in the 4th quarter. Signaturefd LLC now owns 1,124 shares of the company’s stock valued at $202,000 after purchasing an additional 110 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Ferguson by 1.3% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 9,407 shares of the company’s stock valued at $1,308,000 after purchasing an additional 119 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Ferguson by 12.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,193 shares of the company’s stock valued at $166,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 46.84% of the company’s stock.

Ferguson stock traded up $1.34 during midday trading on Friday, hitting $122.09. 1,182,128 shares of the company’s stock were exchanged, compared to its average volume of 605,870. Ferguson plc has a 12-month low of $111.81 and a 12-month high of $183.67. The company has a current ratio of 1.66, a quick ratio of 0.91 and a debt-to-equity ratio of 0.57. The firm’s 50 day simple moving average is $133.82 and its 200 day simple moving average is $151.06.

Ferguson (NASDAQ:FERGGet Rating) last issued its quarterly earnings data on Tuesday, March 15th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.20. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.04 billion. Analysts forecast that Ferguson plc will post 8.87 earnings per share for the current year.

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, March 25th were given a dividend of $0.84 per share. This represents a yield of 1.7%. The ex-dividend date was Thursday, March 24th.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Ferguson from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Wednesday, March 2nd. Berenberg Bank reduced their price objective on shares of Ferguson from £150 ($184.93) to £140 ($172.61) in a report on Thursday, March 17th. HSBC raised shares of Ferguson from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. Truist Financial increased their target price on shares of Ferguson from $186.00 to $200.00 in a research report on Friday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Ferguson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $7,746.80.

Ferguson Company 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.

Further Reading

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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