Korea Investment CORP Has $18.20 Million Stake in Ferrovial SE $FER

Key Points

• Korea Investment CORP boosted its stake in Ferrovial by 34.3% in Q3 to 317,488 shares (an additional 81,016) valued at about $18.20 million.
• Other institutional activity included large purchases from Mirae Asset and Jane Street and a new stake by Savant Capital, with institutions now owning about 22.28% of the company.
• Analysts are mixed—Ferrovial has an average "Hold" rating (three Buys, four Holds) with an average target of $73.12, while the stock recently traded at $66.04 (50‑day $69.25, 200‑day $64.34).

Korea Investment CORP increased its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 34.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 317,488 shares of the company's stock after purchasing an additional 81,016 shares during the period. Korea Investment CORP's holdings in Ferrovial were worth $18,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company's stock valued at $564,000 after purchasing an additional 246 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company's stock worth $2,204,000 after buying an additional 47,892 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Ferrovial by 346.5% during the first quarter. Jane Street Group LLC now owns 24,238 shares of the company's stock worth $1,080,000 after buying an additional 18,809 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Ferrovial by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company's stock valued at $412,000 after buying an additional 214 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in Ferrovial in the 2nd quarter valued at approximately $482,000. Institutional investors own 22.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FER shares. Sanford C. Bernstein cut shares of Ferrovial from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, December 10th. Weiss Ratings lowered shares of Ferrovial from a "buy (b+)" rating to a "hold (c+)" rating in a research report on Thursday, March 5th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a report on Wednesday, January 7th. 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 report on Monday. Finally, Citigroup reiterated a "buy" rating and issued a $75.30 price target (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $73.12.

Ferrovial Stock Up 0.2%

NASDAQ FER opened at $66.04 on Wednesday. The firm's fifty day moving average price is $69.25 and its two-hundred day moving average price is $64.34. Ferrovial SE has a 1 year low of $40.46 and a 1 year high of $74.79.

Ferrovial Company 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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