Eisler Capital Management Ltd. Invests $334,000 in Ferguson plc $FERG

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in Ferguson plc, purchasing 2,087 shares valued at approximately $334,000 in Q1.
• Several analysts have raised their price targets for Ferguson, with Wells Fargo increasing its target from $230.00 to $250.00 and maintaining an "overweight" rating.
• Ferguson reported earnings of $2.50 EPS for the last quarter, surpassing analysts' estimates and demonstrating a revenue increase of 4.3% year-over-year.

Eisler Capital Management Ltd. acquired a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,087 shares of the company's stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG increased its stake in Ferguson by 32.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 35,807 shares of the company's stock worth $5,737,000 after acquiring an additional 8,788 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Ferguson by 897.9% during the first quarter. Transamerica Financial Advisors LLC now owns 469 shares of the company's stock valued at $76,000 after buying an additional 422 shares in the last quarter. Ieq Capital LLC grew its stake in Ferguson by 191.1% during the first quarter. Ieq Capital LLC now owns 19,184 shares of the company's stock worth $3,074,000 after buying an additional 12,593 shares during the period. Gabelli Funds LLC increased its holdings in Ferguson by 93.5% in the 1st quarter. Gabelli Funds LLC now owns 3,000 shares of the company's stock valued at $481,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Findlay Park Partners LLP boosted its position in shares of Ferguson by 61.8% in the first quarter. Findlay Park Partners LLP now owns 819,110 shares of the company's stock worth $131,246,000 after buying an additional 312,800 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Stock Down 0.8%

Shares of FERG traded down $1.75 during midday trading on Tuesday, hitting $229.40. The company had a trading volume of 900,512 shares, compared to its average volume of 1,677,728. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $238.16. The company's 50 day moving average price is $224.98 and its 200 day moving average price is $193.41. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.69 and a beta of 1.15.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company earned $2.32 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Ferguson plc will post 9.4 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on FERG shares. Royal Bank Of Canada raised their target price on Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Berenberg Bank reissued a "hold" rating and set a $215.00 target price on shares of Ferguson in a research report on Thursday, June 5th. JPMorgan Chase & Co. upped their target price on shares of Ferguson from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Truist Financial reaffirmed a "buy" rating and set a $230.00 price target on shares of Ferguson in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group started coverage on shares of Ferguson in a report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $220.64.

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.