Ferrovial SE $FER Stock Acquired by Sterling Investment Management LLC

Key Points

• Sterling Investment Management increased its Ferrovial stake by 164.2% in the third quarter, owning 49,223 shares valued at approximately $2.66 million.
• Other major institutions, including Amundi and Swiss National Bank, also expanded their positions; institutional investors collectively own 22.28% of Ferrovial.
• Analysts’ consensus rating is Hold, with two Buy, seven Hold and one Sell recommendation and an average price target of $70.47. Shares opened at $49.41, near the company’s $48.00 one-year low.

Sterling Investment Management LLC lifted its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 164.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,223 shares of the company's stock after purchasing an additional 30,592 shares during the period. Ferrovial accounts for 1.3% of Sterling Investment Management LLC's portfolio, making the stock its 21st largest position. Sterling Investment Management LLC's holdings in Ferrovial were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Amundi lifted its holdings in Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after buying an additional 4,351,267 shares in the last quarter. Swiss National Bank boosted its position in Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock valued at $113,643,000 after buying an additional 375,590 shares during the last quarter. J. Safra Sarasin Holding AG boosted its position in Ferrovial by 1.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company's stock valued at $68,623,000 after buying an additional 20,101 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Ferrovial by 7.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company's stock valued at $38,012,000 after buying an additional 39,694 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of Ferrovial by 2.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company's stock valued at $34,082,000 after buying an additional 15,139 shares during the period. Institutional investors own 22.28% of the company's stock.

Analysts Set New Price Targets

FER has been the subject of a number of recent research reports. Zacks Research downgraded Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. UBS Group lowered Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Kepler Capital Markets cut Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Ferrovial in a research report on Tuesday, October 6th. Finally, Weiss Ratings lowered Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ferrovial currently has an average rating of "Hold" and an average price target of $70.47.

Ferrovial Trading Up 1.1%

Shares of NASDAQ:FER opened at $49.41 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $56.97 and a 200-day moving average of $63.73. Ferrovial SE has a one year low of $48.00 and a one year high of $74.79.

Ferrovial 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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