Squarepoint Ops LLC Sells 88,496 Shares of Ferrovial SE $FER

Key Points

• Squarepoint Ops LLC cut its Ferrovial stake by 69.8% in the second quarter, selling 88,496 shares and retaining 38,227 shares valued at approximately $2.62 million.
• Ferrovial shares opened at $56.15, near their 52-week low of $55.27 and below the 50-day and 200-day moving averages of $62.67 and $66.09, respectively.
• Analyst sentiment has weakened, with recent rating downgrades from Citigroup, Zacks Research, and UBS; the stock carries a consensus “Hold” rating and a $70.47 average price target.

Squarepoint Ops LLC decreased its position in Ferrovial SE (NASDAQ:FER - Free Report) by 69.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,227 shares of the company's stock after selling 88,496 shares during the period. Squarepoint Ops LLC's holdings in Ferrovial were worth $2,623,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FER. Cullen Frost Bankers Inc. increased its position 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 period. Blue Trust Inc. lifted its position in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company's stock worth $51,000 after purchasing an additional 450 shares during the period. Larson Financial Group LLC boosted its stake in Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company's stock worth $57,000 after buying an additional 687 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Ferrovial during the third quarter worth $66,000. Finally, J.Safra Asset Management Corp bought a new stake in Ferrovial in the 4th quarter valued at $68,000. Institutional investors own 22.28% of the company's stock.

Ferrovial Stock Performance

NASDAQ:FER opened at $56.15 on Monday. 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 1 year low of $55.27 and a 1 year high of $74.79. The firm has a 50 day moving average of $62.67 and a 200-day moving average of $66.09.

Analysts Set New Price Targets

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

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company's highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.

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