5 Best UK Stocks To Buy Now

2. Ferguson plc (NYSE:FERG)

Number of Hedge Fund Investors In Q2 2023: 51

Ferguson plc (NYSE:FERG) is an industrial products provider that sells heating and plumbing items such as pipes and fittings. Its fourth quarter results, reported in September 2023, saw revenue drop 1.7% annually as a slowing economy and high inflation took their toll on the firm’s customers.

For their investments during this year’s June quarter, 51 out of the 910 hedge funds researched by Insider Monkey were the company’s investors. Ferguson plc (NYSE:FERG)’s biggest hedge fund stakeholder is Nelson Peltz’s Trian Partners since it owns $864 million worth of shares.

Follow Ferguson (Jersey) Ltd