Cooper Investors PTY Ltd. Sells 24,387 Shares of Ferrovial SE $FER

Key Points

• Cooper Investors PTY Ltd. reduced its Ferrovial stake by 18.9% in the third quarter, selling 24,387 shares and retaining 104,778 shares valued at approximately $5.67 million.
• Other institutional investors generally increased their positions, while institutional investors and hedge funds collectively own 22.28% of Ferrovial.
• Ferrovial shares recently traded at $50.56, near their 52-week low of $49.43. Analysts’ consensus rating is Hold, with an average price target of $70.47.

Cooper Investors PTY Ltd. decreased its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,778 shares of the company's stock after selling 24,387 shares during the quarter. Ferrovial makes up about 3.0% of Cooper Investors PTY Ltd.'s holdings, making the stock its 9th biggest position. Cooper Investors PTY Ltd.'s holdings in Ferrovial were worth $5,668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FER. Elevation Wealth Partners LLC grew its holdings in shares of Ferrovial by 172.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 689 shares of the company's stock valued at $37,000 after acquiring an additional 436 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Ferrovial by 136.8% during the first quarter. Blue Trust Inc. now owns 779 shares of the company's stock worth $51,000 after acquiring an additional 450 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Ferrovial by 32.7% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company's stock valued at $60,000 after purchasing an additional 272 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Ferrovial during the fourth quarter valued at $140,000. Finally, EverSource Wealth Advisors LLC boosted its position in Ferrovial by 73.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,505 shares of the company's stock valued at $163,000 after purchasing an additional 1,064 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company's stock.

Ferrovial Price Performance

Shares of Ferrovial stock traded up $0.22 during midday trading on Tuesday, reaching $50.56. 1,321,649 shares of the company's stock traded hands, compared to its average volume of 1,486,361. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Ferrovial SE has a 52 week low of $49.43 and a 52 week high of $74.79. The company's 50 day simple moving average is $58.29 and its 200 day simple moving average is $64.11.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FER. Zacks Research downgraded Ferrovial from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Weiss Ratings downgraded Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Kepler Capital Markets lowered Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Ferrovial in a research note on Tuesday, October 6th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $70.47.

Ferrovial Company 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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