38,039 Shares in Ferrovial SE $FER Acquired by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA acquired 38,039 Ferrovial shares in the third quarter, valued at approximately $2.05 million. Institutional investors and hedge funds collectively own 22.28% of the company.
• Ferrovial shares opened at $49.41, near the lower end of their 52-week range of $48.00 to $74.79, and remain below both their 50-day and 200-day moving averages.
• Analyst sentiment is mostly neutral: two analysts rate Ferrovial a Buy, seven recommend Hold and one recommends Sell, producing an average Hold rating and a $70.47 price target.

Banque Pictet & Cie SA acquired a new position in shares of Ferrovial SE (NASDAQ:FER - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 38,039 shares of the company's stock, valued at approximately $2,053,000.

Several other large investors also recently added to or reduced their stakes in FER. Amundi grew its holdings in shares of Ferrovial by 39.7% during the first quarter. Amundi now owns 15,301,820 shares of the company's stock valued at $995,383,000 after buying an additional 4,351,267 shares in the last quarter. Swiss National Bank boosted its position in Ferrovial by 26.8% during the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock worth $113,643,000 after acquiring an additional 375,590 shares during the period. J. Safra Sarasin Holding AG boosted its position in Ferrovial by 1.9% during the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company's stock worth $68,623,000 after acquiring an additional 20,101 shares during the period. Maryland State Retirement & Pension System boosted its position in Ferrovial by 7.2% during the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company's stock worth $38,012,000 after acquiring an additional 39,694 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in Ferrovial by 2.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company's stock valued at $34,082,000 after acquiring an additional 15,139 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Stock Up 1.1%

NASDAQ FER opened at $49.41 on Friday. Ferrovial SE has a 1-year low of $48.00 and a 1-year high of $74.79. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm's fifty day simple moving average is $56.97 and its 200-day simple moving average is $63.73.

Analyst Upgrades and Downgrades

FER has been the topic of a number of research reports. UBS Group downgraded Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Zacks Research cut shares of Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Kepler Capital Markets cut shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Finally, Weiss Ratings downgraded shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.47.

Ferrovial Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial's highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.

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