1,763 Shares in Ferguson plc (NASDAQ:FERG) Bought by Callan Family Office LLC

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

Several other hedge funds and 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% in the 3rd quarter. FMR LLC now owns 8,468,003 shares of the company’s stock worth $1,668,462,000 after purchasing an additional 288,935 shares during the last quarter. State Street Corp increased its position in shares of Ferguson by 3.7% in the 3rd quarter. State Street Corp now owns 4,541,079 shares of the company’s stock worth $905,230,000 after purchasing an additional 161,662 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ferguson by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,197,621 shares of the company’s stock worth $633,409,000 after purchasing an additional 25,677 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Ferguson by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,371,954 shares of the company’s stock worth $477,858,000 after purchasing an additional 133,769 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its position in shares of Ferguson by 24.5% in the 4th quarter. Cantillon Capital Management LLC now owns 2,111,673 shares of the company’s stock worth $366,523,000 after purchasing an additional 415,002 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Trading Down 1.5 %

Ferguson stock opened at $165.71 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $177.22 and a two-hundred day moving average price of $191.51. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.69 and a beta of 1.28. Ferguson plc has a 52-week low of $163.01 and a 52-week high of $225.63.

Analysts Set New Price Targets

Several research firms have recently weighed in on FERG. Citigroup dropped their target price on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Berenberg Bank boosted their target price on shares of Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird decreased their price target on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price target on shares of Ferguson from $215.00 to $205.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Zelman & Associates lowered shares of Ferguson from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $217.73.

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.