Ferrovial SE $FER Shares Acquired by Groupe la Francaise

Groupe la Francaise lifted its holdings in shares of Ferrovial SE (NASDAQ:FER) by 640.9% in the second quarter, HoldingsChannel.com reports. The firm owned 436,648 shares of the company’s stock after acquiring an additional 377,714 shares during the quarter. Groupe la Francaise’s holdings in Ferrovial were worth $29,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ferrovial in the 4th quarter worth approximately $4,081,000. Cloverfields Capital Group LP purchased a new position in shares of Ferrovial during the 1st quarter worth approximately $1,547,000. Cooper Investors PTY Ltd. increased its holdings in Ferrovial by 23.7% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock valued at $8,862,000 after purchasing an additional 24,783 shares during the last quarter. ABN AMRO Bank N.V. increased its holdings in Ferrovial by 4,004.4% in the 4th quarter. ABN AMRO Bank N.V. now owns 168,649 shares of the company’s stock valued at $10,938,000 after purchasing an additional 164,540 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in Ferrovial by 7.2% in the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after purchasing an additional 39,694 shares during the period. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Stock Performance

NASDAQ:FER opened at $58.05 on Monday. Ferrovial SE has a 52 week low of $54.74 and a 52 week high of $74.79. The company has a fifty day simple moving average of $63.78 and a two-hundred day simple moving average of $66.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Analyst Ratings Changes

A number of research analysts have commented on FER shares. Zacks Research cut Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Weiss Ratings upgraded Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, UBS Group cut shares of Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.47.

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.