Soroban Capital Partners Reduces $132M in Ferguson Enterprises Inc. ($FERG)
Key Points
- Soroban Capital Partners changed its Ferguson Enterprises Inc. ($FERG) stake by 19.5% last quarter, cutting to 2,398,367 shares worth $546.90 million.
- $FERG last traded around $228.03.
Soroban Capital Partners reduced its position in Ferguson Enterprises Inc. ($FERG) by 19.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,398,367 shares of Ferguson Enterprises Inc. after selling 579,825 shares during the quarter. Soroban Capital Partners's holdings in Ferguson Enterprises Inc. were worth $546.90 million as of its most recent filing.
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About Ferguson Enterprises Inc.
Ferguson Enterprises Inc. distributes essential water and air solutions to specialized professional in the United States and Canada. The company provides various products and services, including plumbing; pipe, valves, and fittings; heating, ventilation, and air conditioning; appliances; lighting; and water and wastewater solutions to residential and non-residential customers. It also supplies specialized water and wastewater treatment products to residential, commercial, and infrastructure contractors, as well as supplies pipe, valves, and fittings solutions to industrial customers. In addition, it offers customized solutions, such as virtual design, fabrication, valve actuation, pre-assembly, kitting, installation, and project management services, as well as after-sales support that comprises warranty, credit, project-based billing, returns and maintenance, and repair and operations support. The company sells its products through a network of distribution centers, branches, counter service and sales associates, showroom consultants, and e-commerce channels. Ferguson Enterprises Inc. was founded in 1953 and is headquartered in Newport News, Virginia.
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