Groupe la Francaise Grows Stake in Ferrovial SE $FER

Key Points

• Groupe la Francaise increased its Ferrovial stake by 640.9% in the second quarter, acquiring 377,714 additional shares for a total holding of 436,648 shares valued at approximately $30 million.
• Institutional investors own 22.28% of Ferrovial, while the stock recently traded at $58.05—near its 52-week low of $54.74 and below its 50-day and 200-day moving averages.
• Analyst sentiment is cautious: Ferrovial has a consensus “Hold” rating and an average price target of $70.47, with recent downgrades from Citigroup, UBS, and Zacks Research.

Groupe la Francaise increased its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 640.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 436,648 shares of the company's stock after purchasing an additional 377,714 shares during the period. Groupe la Francaise owned 0.06% of Ferrovial worth $29,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its stake in Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company's stock worth $38,000 after buying an additional 262 shares in the last quarter. Blue Trust Inc. raised its stake in Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company's stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company's stock valued at $57,000 after purchasing an additional 687 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Ferrovial during the 4th quarter worth $68,000. Finally, Summit Securities Group LLC acquired a new stake in Ferrovial during the 4th quarter worth $72,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Price Performance

Shares of FER opened at $58.05 on Monday. Ferrovial SE has a 52-week low of $54.74 and a 52-week high of $74.79. The stock has a fifty day simple moving average of $63.78 and a two-hundred day simple moving average of $66.64. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Wall Street Analysts Forecast Growth

FER has been the subject of a number of recent research reports. Citigroup cut shares of Ferrovial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Zacks Research lowered shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. UBS Group cut shares of Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $70.47.

Ferrovial Profile

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.

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