Ferrovial SE $FER Stock Holdings Raised by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management nearly doubled its Ferrovial position, increasing holdings by 93.7% to 94,780 shares worth approximately $5.13 million in the third quarter.
• Other major investors, including Amundi and the Swiss National Bank, also expanded their Ferrovial stakes; institutional investors and hedge funds collectively own 22.28% of the stock.
• Ferrovial shares opened at $54.53, near the lower end of their 12-month range, while analysts hold a consensus “Hold” rating with an average price target of $70.47.

Generali Asset Management SPA SGR raised its position in Ferrovial SE (NASDAQ:FER - Free Report) by 93.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,780 shares of the company's stock after buying an additional 45,860 shares during the quarter. Generali Asset Management SPA SGR's holdings in Ferrovial were worth $5,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FER. Amundi grew its position in shares of Ferrovial by 39.7% during the first quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after acquiring an additional 4,351,267 shares during the last quarter. Swiss National Bank increased its holdings in shares of 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 acquiring an additional 375,590 shares during the period. J. Safra Sarasin Holding AG raised 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 purchasing an additional 20,101 shares during the last quarter. Maryland State Retirement & Pension System raised its position in 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 purchasing an additional 39,694 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in 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 purchasing an additional 15,139 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Stock Up 0.9%

Shares of FER stock opened at $54.53 on Thursday. The business's 50 day moving average is $54.88 and its two-hundred day moving average is $64.39. Ferrovial SE has a twelve month low of $48.00 and a twelve month high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39.

Analyst Upgrades and Downgrades

FER has been the subject of a number of recent research reports. Bank of America reiterated a "buy" rating on shares of Ferrovial in a research note on Monday, September 14th. JPMorgan Chase & Co. lowered shares of Ferrovial from an "overweight" rating to a "neutral" rating in a research note on Tuesday, October 6th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research note on Tuesday, September 22nd. UBS Group cut shares of Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Finally, Zacks Research downgraded shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $70.47.

Ferrovial Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial's transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.

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