ABN AMRO Bank N.V. Purchases 164,540 Shares of Ferrovial SE $FER

Key Points

• ABN AMRO Bank N.V. sharply increased its Ferrovial stake by 4,004.4% in the fourth quarter, buying 164,540 additional shares and bringing its total holding to 168,649 shares valued at about $10.9 million.
• Other institutional investors also adjusted positions in Ferrovial, and institutions now own 22.28% of the company’s stock.
• Ferrovial recently reported quarterly earnings of $0.32 per share on revenue of $3.19 billion, while analysts currently have a consensus rating of Hold with an average price target of $73.12.

ABN AMRO Bank N.V. boosted its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 4,004.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,649 shares of the company's stock after purchasing an additional 164,540 shares during the period. ABN AMRO Bank N.V.'s holdings in Ferrovial were worth $10,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FER. Royal Bank of Canada lifted its stake in 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 purchasing an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ferrovial by 880.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company's stock valued at $2,204,000 after acquiring an additional 47,892 shares during the period. Jane Street Group LLC increased its position in Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company's stock valued at $1,080,000 after acquiring an additional 18,809 shares during the period. Quantbot Technologies LP acquired a new position in Ferrovial in the 2nd quarter valued at approximately $310,000. Finally, Marshall Wace LLP increased its position in Ferrovial by 481.5% in the 2nd quarter. Marshall Wace LLP now owns 166,778 shares of the company's stock valued at $8,934,000 after acquiring an additional 138,098 shares during the period. Institutional investors own 22.28% of the company's stock.

Ferrovial Price Performance

FER opened at $70.42 on Monday. Ferrovial SE has a twelve month low of $47.85 and a twelve month high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The company has a fifty day moving average of $67.79 and a 200-day moving average of $67.03.

Ferrovial (NASDAQ:FER - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $3.19 billion for the quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on FER shares. Jefferies Financial Group cut shares of Ferrovial from a "buy" rating to a "hold" rating and upped their price target for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Weiss Ratings cut shares of Ferrovial from a "buy (b+)" rating to a "hold (c+)" rating in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Ferrovial presently has an average rating of "Hold" and a consensus target price of $73.12.

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.

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