Public Employees Retirement System of Ohio Purchases New Holdings in Ferrovial SE $FER

Key Points

• Public Employees Retirement System of Ohio acquired 71,687 Ferrovial shares during the second quarter, valued at approximately $4.9 million. Institutional investors collectively own 22.28% of the company.
• Ferrovial shares opened at $57.84, below their 50-day and 200-day moving averages of $64.23 and $66.84, respectively, and near the lower end of their 12-month range of $53.49 to $74.79.
• Analyst sentiment is broadly cautious: Ferrovial has an average “Hold” rating and a consensus price target of $70.47 after downgrades from UBS, Zacks Research and Citigroup.

Public Employees Retirement System of Ohio acquired a new position in Ferrovial SE (NASDAQ:FER - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,687 shares of the company's stock, valued at approximately $4,915,000.

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

Ferrovial Price Performance

Shares of FER opened at $57.84 on Thursday. The business's fifty day simple moving average is $64.23 and its two-hundred day simple moving average is $66.84. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial SE has a 12 month low of $53.49 and a 12 month high of $74.79.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group downgraded Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Zacks Research cut shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Citigroup downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings raised 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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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