Maven Securities LTD Invests $1.05 Million in Ferrovial SE $FER

Maven Securities LTD purchased a new stake in shares of Ferrovial SE (NASDAQ:FER) during the third quarter, HoldingsChannel reports. The institutional investor purchased 17,900 shares of the company’s stock, valued at approximately $1,049,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after acquiring an additional 364 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after purchasing an additional 687 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Ferrovial in the 3rd quarter worth $66,000. Credit Industriel ET Commercial purchased a new position in shares of Ferrovial in the third quarter worth $72,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Ferrovial in the second quarter worth $83,000. Institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and boosted their target price for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Citigroup reiterated a “buy” rating and issued a $75.30 price target (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $73.12.

Ferrovial Trading Up 0.8%

NASDAQ FER opened at $65.20 on Wednesday. The business’s fifty day moving average is $69.15 and its 200 day moving average is $64.68. Ferrovial SE has a fifty-two week low of $40.46 and a fifty-two week high of $74.79.

Ferrovial Company Profile

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.