Ossiam Sells 4,040 Shares of Ferguson plc (NASDAQ:FERG)

Ossiam decreased its stake in Ferguson plc (NASDAQ:FERG) by 24.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,587 shares of the company’s stock after selling 4,040 shares during the period. Ossiam’s holdings in Ferguson were worth $1,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Ferguson by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 9,046,579 shares of the company’s stock valued at $1,213,327,000 after purchasing an additional 191,587 shares during the last quarter. FMR LLC lifted its stake in Ferguson by 14.4% in the 1st quarter. FMR LLC now owns 7,687,009 shares of the company’s stock valued at $1,012,828,000 after purchasing an additional 968,664 shares during the last quarter. Norges Bank acquired a new position in Ferguson in the 4th quarter valued at approximately $610,247,000. Barclays PLC increased its position in Ferguson by 342.3% in the 4th quarter. Barclays PLC now owns 3,592,353 shares of the company’s stock valued at $456,120,000 after acquiring an additional 2,780,118 shares during the period. Finally, Fiduciary Management Inc. WI increased its position in Ferguson by 23.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,396,301 shares of the company’s stock valued at $304,258,000 after acquiring an additional 462,686 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Ferguson from $150.00 to $155.00 in a research report on Thursday, June 8th. Barclays upped their price target on shares of Ferguson from $175.00 to $185.00 in a research report on Thursday, July 13th. TheStreet cut shares of Ferguson from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. Raymond James started coverage on shares of Ferguson in a research report on Friday, September 1st. They set an “outperform” rating for the company. Finally, Truist Financial increased their price objective on shares of Ferguson from $160.00 to $167.00 in a research report on Wednesday, June 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4,142.63.

Ferguson Stock Up 0.3 %

Shares of NASDAQ FERG opened at $153.95 on Monday. Ferguson plc has a 12-month low of $99.16 and a 12-month high of $164.00. The firm has a market cap of $34.65 billion, a PE ratio of 17.12 and a beta of 1.22. The company’s fifty day simple moving average is $158.57 and its 200 day simple moving average is $146.83. The company has a quick ratio of 0.94, a current ratio of 1.78 and a debt-to-equity ratio of 0.83.

About Ferguson

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.