Neuberger Berman Group LLC Sells 160,182 Shares of Ferguson plc (NASDAQ:FERG)

Neuberger Berman Group LLC lessened its stake in Ferguson plc (NASDAQ:FERGGet Rating) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,396 shares of the company’s stock after selling 160,182 shares during the quarter. Neuberger Berman Group LLC owned 0.28% of Ferguson worth $87,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Concourse Financial Group Securities Inc. boosted its stake in shares of Ferguson by 2,279.2% in the first quarter. Concourse Financial Group Securities Inc. now owns 571 shares of the company’s stock worth $78,000 after acquiring an additional 547 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Ferguson by 326.7% during the first quarter. Envestnet Asset Management Inc. now owns 171,207 shares of the company’s stock worth $23,051,000 after purchasing an additional 131,087 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in Ferguson in the first quarter valued at about $1,990,000. M&T Bank Corp grew its stake in shares of Ferguson by 1,284.9% during the first quarter. M&T Bank Corp now owns 36,603 shares of the company’s stock valued at $4,910,000 after acquiring an additional 33,960 shares in the last quarter. Finally, Royal London Asset Management Ltd. acquired a new position in Ferguson in the first quarter valued at approximately $391,174,000. 43.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FERG has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on shares of Ferguson from £122 ($147.41) to GBX 9,800 ($118.41) in a report on Wednesday, June 15th. Societe Generale lowered their price objective on shares of Ferguson from £190 ($229.58) to £145 ($175.21) in a report on Thursday, June 16th. JPMorgan Chase & Co. began coverage on shares of Ferguson in a research note on Tuesday, September 13th. They set an “overweight” rating on the stock. Morgan Stanley cut their price target on Ferguson from £127.50 ($154.06) to GBX 8,930 ($107.90) in a research note on Friday, July 8th. Finally, Barclays decreased their price objective on Ferguson from $160.00 to $148.00 in a report on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8,535.38.

Ferguson Stock Down 1.5 %

Shares of Ferguson stock opened at $111.93 on Friday. Ferguson plc has a 12-month low of $105.08 and a 12-month high of $183.67. The company’s 50-day moving average price is $119.06 and its 200-day moving average price is $123.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 0.88.

Ferguson Profile

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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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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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