Zurcher Kantonalbank Zurich Cantonalbank Purchases 8,246 Shares of Ferguson plc (NASDAQ:FERG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,953 shares of the company's stock after acquiring an additional 8,246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Ferguson worth $21,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FERG. Manchester Capital Management LLC increased its holdings in Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after purchasing an additional 136 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock worth $29,000 after buying an additional 135 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Ferguson during the 4th quarter worth approximately $35,000. Peterson Financial Group Inc. bought a new stake in shares of Ferguson in the 3rd quarter valued at $39,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Ferguson during the 3rd quarter valued at $40,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FERG shares. Barclays decreased their price target on shares of Ferguson from $234.00 to $211.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $219.00 target price on shares of Ferguson in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their price target on Ferguson from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. UBS Group reissued a "neutral" rating and issued a $193.00 price objective (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Finally, Bank of America upgraded Ferguson from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $217.73.

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Ferguson Trading Down 4.8 %

NASDAQ FERG opened at $157.54 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $176.90 and a 200 day simple moving average of $191.11. Ferguson plc has a 12 month low of $154.09 and a 12 month high of $225.63. The firm has a market capitalization of $31.50 billion, a P/E ratio of 18.91, a PEG ratio of 1.69 and a beta of 1.28.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The firm had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The business's revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict 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.

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