Alamea Verwaltungs GmbH Purchases New Stake in Ferguson plc $FERG

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in Ferguson plc, purchasing 2,882 shares valued at around $462,000.
• Ferguson plc has seen significant increases in stakes from various institutional investors, with Wellington Management Group raising its stake by 769.5% in the first quarter.
• Analysts have recently set target prices for Ferguson, with Goldman Sachs issuing a buy rating and a price objective of $280.00 on the stock.

Alamea Verwaltungs GmbH bought a new stake in Ferguson plc (NASDAQ:FERG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,882 shares of the company's stock, valued at approximately $462,000.

A number of other institutional investors have also made changes to their positions in the business. US Bancorp DE raised its holdings in shares of Ferguson by 0.8% in the first quarter. US Bancorp DE now owns 7,394 shares of the company's stock valued at $1,185,000 after buying an additional 59 shares during the last quarter. Compound Planning Inc. raised its holdings in Ferguson by 4.6% during the 1st quarter. Compound Planning Inc. now owns 1,386 shares of the company's stock worth $222,000 after purchasing an additional 61 shares during the last quarter. Mission Wealth Management LP grew its position in shares of Ferguson by 2.2% during the 1st quarter. Mission Wealth Management LP now owns 3,050 shares of the company's stock worth $489,000 after buying an additional 67 shares during the period. James Hambro & Partners LLP grew its position in shares of Ferguson by 1.1% during the 1st quarter. James Hambro & Partners LLP now owns 6,311 shares of the company's stock worth $1,011,000 after buying an additional 70 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in shares of Ferguson by 6.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,214 shares of the company's stock worth $211,000 after buying an additional 74 shares during the period. 81.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FERG shares. UBS Group boosted their target price on Ferguson from $173.00 to $204.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on Ferguson from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Truist Financial reiterated a "buy" rating and issued a $230.00 price objective on shares of Ferguson in a research report on Wednesday, June 4th. Royal Bank Of Canada boosted their price objective on Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Oppenheimer boosted their price objective on Ferguson from $189.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.64.

Ferguson Stock Up 0.1%

Shares of Ferguson stock traded up $0.22 on Wednesday, reaching $229.91. 1,141,630 shares of the company were exchanged, compared to its average volume of 1,679,762. Ferguson plc has a one year low of $146.00 and a one year high of $238.16. The company has a market capitalization of $45.33 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.69 and a beta of 1.15. 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 company has a 50-day moving average of $225.19 and a 200 day moving average of $193.67.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%.During the same quarter in the previous year, the company posted $2.32 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson 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.