Ferguson plc $FERG is Point72 Europe London LLP's 6th Largest Position

Key Points

• Point72 Europe London LLP increased its holdings in Ferguson plc by 531.3% in the first quarter, now owning approximately 197,600 shares worth about $31.7 million.
• Ferguson received several price target upgrades from analysts, with UBS raising it from $173.00 to $204.00 and Oppenheimer increasing it from $189.00 to $235.00, signifying a generally positive outlook on the stock.
• Despite recent growth, Ferguson's stock declined 1.3% to $231.13, with a market capitalization of $45.58 billion and an EPS of $2.50 reported in their last earnings results.

Point72 Europe London LLP lifted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 531.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,600 shares of the company's stock after purchasing an additional 166,300 shares during the period. Ferguson comprises about 2.2% of Point72 Europe London LLP's holdings, making the stock its 6th largest position. Point72 Europe London LLP owned 0.10% of Ferguson worth $31,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FERG. Royal Bank of Canada increased its holdings in Ferguson by 19.0% in the 1st quarter. Royal Bank of Canada now owns 1,000,438 shares of the company's stock valued at $160,299,000 after purchasing an additional 159,716 shares in the last quarter. Beck Mack & Oliver LLC grew its stake in shares of Ferguson by 34.6% in the first quarter. Beck Mack & Oliver LLC now owns 860,774 shares of the company's stock worth $137,922,000 after acquiring an additional 221,326 shares during the last quarter. Armistice Capital LLC acquired a new position in Ferguson in the first quarter worth about $3,846,000. Alamea Verwaltungs GmbH acquired a new stake in shares of Ferguson in the first quarter valued at approximately $462,000. Finally, Brasada Capital Management LP acquired a new stake in Ferguson during the 1st quarter worth $583,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Stock Performance

NASDAQ FERG traded down $0.08 on Friday, reaching $238.10. 797,374 shares of the company's stock traded hands, compared to its average volume of 1,679,426. The stock has a 50 day moving average price of $225.79 and a 200-day moving average price of $194.29. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $243.40. The firm has a market cap of $46.95 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68.

Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.68% and a return on equity of 34.63%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 earnings per share. Equities research analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Oppenheimer upped their price objective on Ferguson from $189.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada increased their target price on shares of Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Berenberg Bank reiterated a "hold" rating and issued a $215.00 price target on shares of Ferguson in a research report on Thursday, June 5th. JPMorgan Chase & Co. lifted their price objective on shares of Ferguson from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, UBS Group boosted their price target on shares of Ferguson from $173.00 to $204.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ferguson presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.00.

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.