Ferrovial SE $FER is Ausbil Investment Management Ltd's 7th Largest Position

Key Points

• Ausbil Investment Management reduced its stake in Ferrovial by 16.0% in Q4 to 97,274 shares (worth $6.322M), making the stock its 7th largest position at about 3.6% of the portfolio.
• Other institutions made notable moves—SG Americas opened a new position worth roughly $19.7M and Tudor Investment added a new ~$11.0M stake—while hedge funds and institutional investors own about 22.28% of the company.
• Analysts are mixed with a MarketBeat consensus rating of Hold and a $73.12 target; shares opened at $62.89 and trade within a 52‑week range of $40.46 to $74.79.

Ausbil Investment Management Ltd lessened its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,274 shares of the company's stock after selling 18,517 shares during the quarter. Ferrovial makes up about 3.6% of Ausbil Investment Management Ltd's portfolio, making the stock its 7th biggest position. Ausbil Investment Management Ltd's holdings in Ferrovial were worth $6,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FER. Kathmere Capital Management LLC raised its position in shares of Ferrovial by 27.9% in the 4th quarter. Kathmere Capital Management LLC now owns 5,460 shares of the company's stock worth $353,000 after acquiring an additional 1,192 shares in the last quarter. SG Americas Securities LLC bought a new position in Ferrovial in the fourth quarter worth about $19,671,000. Assenagon Asset Management S.A. lifted its position in shares of Ferrovial by 1.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 40,203 shares of the company's stock valued at $2,613,000 after buying an additional 491 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Ferrovial during the third quarter valued at about $11,007,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Ferrovial in the 3rd quarter valued at about $1,895,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FER shares. Sanford C. Bernstein downgraded shares of Ferrovial from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, December 10th. Jefferies Financial Group downgraded shares of Ferrovial from a "buy" rating to a "hold" rating and raised their target price for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Weiss Ratings lowered shares of Ferrovial from a "buy (b+)" rating to a "hold (c+)" rating in a report on Thursday, March 5th. Citigroup reaffirmed a "buy" rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.12.

Ferrovial Trading Down 1.3%

Shares of NASDAQ FER opened at $62.89 on Friday. Ferrovial SE has a 52 week low of $40.46 and a 52 week high of $74.79. The business's 50 day moving average price is $68.57 and its 200 day moving average price is $64.96.

About Ferrovial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.