SG Americas Securities LLC Takes $19.67 Million Position in Ferrovial SE $FER

Key Points

• SG Americas Securities LLC opened a new position in Ferrovial, buying 304,454 shares worth about $19.67 million in the fourth quarter.
• Several other institutions (including Royal Bank of Canada, MIRAE ASSET GLOBAL ETFS, Jane Street and Geode) also increased stakes, and institutional investors now own about 22.28% of the stock.
• Ferrovial shares recently traded around $62.56 with a 12‑month range of $40.46–$74.79; analysts are mixed (consensus rating: Hold) with a consensus target price of $73.12 and expected full‑year EPS of about $0.72.

SG Americas Securities LLC purchased a new position in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 304,454 shares of the company's stock, valued at approximately $19,671,000.

A number of other institutional investors and hedge funds have also modified their holdings of FER. Royal Bank of Canada boosted its stake in 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 acquiring an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company's stock valued at $2,204,000 after acquiring an additional 47,892 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company's stock valued at $1,080,000 after purchasing an additional 18,809 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ferrovial by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 605,725 shares of the company's stock valued at $32,449,000 after purchasing an additional 2,682 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in shares of Ferrovial by 0.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company's stock worth $1,781,000 after purchasing an additional 236 shares during the last quarter. 22.28% of the stock is owned by institutional investors.

Ferrovial Stock Down 0.5%

Shares of Ferrovial stock opened at $62.56 on Friday. The stock's fifty day simple moving average is $68.45 and its 200 day simple moving average is $65.00. Ferrovial SE has a 12 month low of $40.46 and a 12 month high of $74.79.

Ferrovial (NASDAQ:FER - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion during the quarter. As a group, research analysts anticipate that Ferrovial SE will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup reaffirmed a "buy" rating and set a $75.30 price objective (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, January 7th. Sanford C. Bernstein cut Ferrovial from a "strong-buy" rating to a "market perform" rating in a report on Wednesday, December 10th. Jefferies Financial Group cut Ferrovial from a "buy" rating to a "hold" rating and upped their price target for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Finally, Weiss Ratings downgraded shares of Ferrovial from a "buy (b+)" rating to a "hold (c+)" rating in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $73.12.

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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