Engineers Gate Manager LP Has $1.22 Million Position in Ferrovial SE $FER

Key Points

• Engineers Gate Manager LP reduced its Ferrovial position by 60.6% in the second quarter, selling 27,221 shares and retaining 17,720 shares valued at approximately $1.22 million.
• Institutional activity was mixed: Groupe la Française increased its holdings by 640.9%, while several other funds initiated or expanded positions. Institutional investors collectively own 22.28% of Ferrovial.
• Analyst sentiment has weakened, with several firms downgrading the stock. Ferrovial has a consensus “Hold” rating and an average price target of $70.47, compared with its recent opening price of $55.04.

Engineers Gate Manager LP cut its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 60.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,720 shares of the company's stock after selling 27,221 shares during the quarter. Engineers Gate Manager LP's holdings in Ferrovial were worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FER. Baird Financial Group Inc. bought a new stake in Ferrovial during the 2nd quarter worth about $1,267,000. Corient Private Wealth LP bought a new position in shares of Ferrovial in the 2nd quarter valued at about $257,000. Groupe la Francaise increased its position in shares of Ferrovial by 640.9% in the second quarter. Groupe la Francaise now owns 436,648 shares of the company's stock valued at $29,986,000 after acquiring an additional 377,714 shares during the last quarter. AlphaGrep UK Ltd acquired a new stake in shares of Ferrovial in the second quarter valued at about $266,000. Finally, NEOS Investment Management LLC raised its holdings in Ferrovial by 10.3% during the second quarter. NEOS Investment Management LLC now owns 430,508 shares of the company's stock worth $29,537,000 after acquiring an additional 40,329 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company's stock.

Analysts Set New Price Targets

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

Ferrovial Price Performance

FER stock opened at $55.04 on Friday. Ferrovial SE has a 1-year low of $53.91 and a 1-year high of $74.79. The business's 50 day simple moving average is $61.60 and its 200 day simple moving average is $65.48. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

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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