Ferrovial SE $FER Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Ferrovial SE (NASDAQ:FER) by 405.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,847 shares of the company’s stock after purchasing an additional 31,154 shares during the period. Envestnet Asset Management Inc.’s holdings in Ferrovial were worth $2,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FER. Generali Asset Management SPA SGR raised its holdings in Ferrovial by 183.0% in the third quarter. Generali Asset Management SPA SGR now owns 46,617 shares of the company’s stock valued at $2,732,000 after acquiring an additional 30,143 shares in the last quarter. Exane Asset Management grew its holdings in Ferrovial by 15,983.6% during the 3rd quarter. Exane Asset Management now owns 644,471 shares of the company’s stock worth $36,939,000 after acquiring an additional 640,464 shares in the last quarter. Bank of Italy bought a new stake in shares of Ferrovial in the 3rd quarter worth about $126,229,000. Swiss National Bank raised its stake in shares of Ferrovial by 13.9% in the 2nd quarter. Swiss National Bank now owns 1,549,642 shares of the company’s stock valued at $82,172,000 after purchasing an additional 188,879 shares in the last quarter. Finally, Triasima Portfolio Management inc. lifted its position in shares of Ferrovial by 178.9% during the third quarter. Triasima Portfolio Management inc. now owns 121,550 shares of the company’s stock worth $7,123,000 after purchasing an additional 77,965 shares during the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Stock Performance

Shares of NASDAQ FER opened at $74.38 on Friday. Ferrovial SE has a fifty-two week low of $40.46 and a fifty-two week high of $74.79. The firm’s 50-day simple moving average is $68.83 and its 200 day simple moving average is $63.56.

Analyst Upgrades and Downgrades

FER has been the subject of several research analyst reports. Citigroup reissued a “buy” rating and issued a $75.30 price objective (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Weiss Ratings downgraded shares of Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 19th. Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ferrovial currently has a consensus rating of “Moderate Buy” and an average price target of $75.30.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.