Ferguson plc (NASDAQ:FERG) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its holdings in shares of Ferguson plc (NASDAQ:FERG – Get Rating) by 26.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,412,776 shares of the company’s stock after selling 888,346 shares during the period. Goldman Sachs Group Inc. owned about 1.07% of Ferguson worth $432,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank N A MO acquired a new position in shares of Ferguson in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Ferguson in the fourth quarter worth about $27,000. CVA Family Office LLC acquired a new position in shares of Ferguson in the fourth quarter worth about $29,000. Glassman Wealth Services acquired a new position in shares of Ferguson in the fourth quarter worth about $32,000. Finally, CWM LLC acquired a new position in shares of Ferguson in the fourth quarter worth about $43,000. Institutional investors own 46.84% of the company’s stock.

NASDAQ FERG traded up $1.34 during trading hours on Friday, hitting $122.09. 1,182,128 shares of the company’s stock traded hands, compared to its average volume of 605,870. Ferguson plc has a 52-week low of $111.81 and a 52-week high of $183.67. The company has a quick ratio of 0.91, a current ratio of 1.66 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $133.82 and its 200-day moving average is $151.06.

Ferguson (NASDAQ:FERG – Get Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.20. The firm had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.04 billion. As a group, sell-side analysts predict that Ferguson plc will post 8.87 EPS for the current fiscal year.

The company also recently declared a semi-annual dividend, which was paid on Friday, May 6th. Stockholders of record on Friday, March 25th were paid a $0.84 dividend. The ex-dividend date of this dividend was Thursday, March 24th. This represents a dividend yield of 1.7%.

FERG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut shares of Ferguson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Credit Suisse Group cut their target price on shares of Ferguson from £114.75 ($141.47) to £103.65 ($127.79) in a research note on Thursday. Berenberg Bank cut their target price on shares of Ferguson from £150 ($184.93) to £140 ($172.61) in a research note on Thursday, March 17th. Jefferies Financial Group cut shares of Ferguson from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Finally, Truist Financial boosted their target price on shares of Ferguson from $186.00 to $200.00 in a research note on Friday, January 14th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $7,746.80.

Ferguson Company Profile (Get Rating)

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 distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.

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