Baird Financial Group Inc. Makes New $1.27 Million Investment in Ferrovial SE $FER

Key Points

• Baird Financial Group initiated a $1.27 million position in Ferrovial during the second quarter, purchasing 18,475 shares. Institutional investors collectively own 22.28% of the company.
• Analyst sentiment has weakened, with several firms downgrading the stock; Ferrovial has a consensus “Hold” rating and an average price target of $70.47.
• Ferrovial shares opened at $55.04, below their 50-day and 200-day moving averages of $61.60 and $65.48, respectively, and near the company’s 12-month low of $53.91.

Baird Financial Group Inc. bought a new stake in Ferrovial SE (NASDAQ:FER - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,475 shares of the company's stock, valued at approximately $1,267,000.

A number of other large investors also recently made changes to their positions in FER. Amundi boosted its position in shares of Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company's stock valued at $995,383,000 after acquiring an additional 4,351,267 shares during the period. Algebris UK Ltd. bought a new position in shares of Ferrovial during the fourth quarter worth approximately $839,930,000. Banco Santander S.A. raised its position in shares of Ferrovial by 150.2% in the fourth quarter. Banco Santander S.A. now owns 9,678,404 shares of the company's stock valued at $625,322,000 after buying an additional 5,810,276 shares in the last quarter. Norges Bank acquired a new stake in shares of Ferrovial in the fourth quarter valued at approximately $605,204,000. Finally, Barclays PLC boosted its stake in shares of Ferrovial by 75.0% in the fourth quarter. Barclays PLC now owns 7,809,502 shares of the company's stock valued at $504,572,000 after buying an additional 3,345,735 shares during the period. Institutional investors own 22.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Kepler Capital Markets downgraded Ferrovial from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Weiss Ratings raised Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Citigroup downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. UBS Group cut shares of Ferrovial from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 26th. Finally, Zacks Research downgraded shares of Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $70.47.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $55.04 on Friday. The business's fifty day simple moving average is $61.60 and its 200 day simple moving average is $65.48. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial SE has a 12 month low of $53.91 and a 12 month high of $74.79.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company's highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.

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