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Ferguson Enterprises (FERG) Sees Stock Price Surge – What's Driving the Rally?

Ferguson Enterprises stock is trading -15.21% below its average target price of $193.71 after marking a 1.1% during today's afternoon session. Analysts are giving the Large-Cap Industrial Distribution company an average rating of buy and target prices ranging from $168.0 to $258.0 per share.

Ferguson Enterprises's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.7%. The stock's short ratio is 1.13. The company's insiders own 2.46% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 91.9%. In conclusion, we believe there is positive market sentiment regarding Ferguson Enterprises.

Institutions Invested in Ferguson Enterprises

Date Reported Holder Percentage Shares Value
2024-12-31 Vanguard Group Inc 9% 18,362,025 $3,015,962,606
2024-12-31 Blackrock Inc. 6% 12,354,364 $2,029,204,287
2024-12-31 FMR, LLC 5% 10,007,892 $1,643,796,261
2024-12-31 Bank Of New York Mellon Corporation 3% 6,154,275 $1,010,839,668
2024-12-31 Invesco Ltd. 3% 5,991,445 $984,094,841
2024-12-31 Janus Henderson Group PLC 2% 4,935,419 $810,642,570
2024-12-31 State Street Corporation 2% 4,486,870 $736,968,397
2024-12-31 Parnassus Investments, LLC 2% 3,537,155 $580,977,708
2024-12-31 Geode Capital Management, LLC 2% 3,215,657 $528,171,662
2024-12-31 Pictet Asset Management Holding SA 1% 2,804,595 $460,654,728
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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