TD Asset Management Inc Boosts Stock Position in Ferrovial SE $FER

TD Asset Management Inc increased its stake in Ferrovial SE (NASDAQ:FER) by 6.8% in the second quarter, HoldingsChannel reports. The fund owned 166,215 shares of the company’s stock after purchasing an additional 10,579 shares during the period. TD Asset Management Inc’s holdings in Ferrovial were worth $8,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FER. Banque Cantonale Vaudoise bought a new stake in shares of Ferrovial in the 1st quarter valued at about $150,000. Townsquare Capital LLC lifted its stake in shares of Ferrovial by 23.5% in the 1st quarter. Townsquare Capital LLC now owns 6,872 shares of the company’s stock valued at $309,000 after acquiring an additional 1,306 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Ferrovial by 14.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company’s stock valued at $386,000 after acquiring an additional 1,076 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after acquiring an additional 246 shares during the last quarter. Finally, Groupama Asset Managment bought a new stake in shares of Ferrovial in the 1st quarter valued at about $566,000. Institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane raised Ferrovial from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Wednesday, June 25th. Wall Street Zen lowered Ferrovial from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday, October 8th. Finally, BNP Paribas raised Ferrovial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $63.46 on Monday. Ferrovial SE has a 52-week low of $37.93 and a 52-week high of $63.91. The stock has a 50 day moving average price of $57.13 and a 200-day moving average price of $52.63.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.