Tidal Investments LLC Acquires 41,599 Shares of Ferrovial SE $FER

Key Points

• Tidal Investments increased its Ferrovial stake by 914.1% in the second quarter, acquiring 41,599 shares for a total holding of 46,150 shares valued at approximately $3.16 million.
• Analyst sentiment has weakened: UBS Group and Citigroup downgraded Ferrovial to “neutral,” while Zacks Research moved its rating to “strong sell.” The stock has a consensus “Hold” rating and a $70.47 average price target.
• Ferrovial shares opened at $54.24, near their 52-week low of $53.91 and below both the 50-day and 200-day moving averages.

Tidal Investments LLC grew its holdings in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 914.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,150 shares of the company's stock after acquiring an additional 41,599 shares during the quarter. Tidal Investments LLC's holdings in Ferrovial were worth $3,163,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. AlphaCore Capital LLC lifted its stake in shares of Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company's stock valued at $411,000 after acquiring an additional 197 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake 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 in the last quarter. Larson Financial Group LLC grew its holdings in shares of Ferrovial by 30.9% during the fourth quarter. Larson Financial Group LLC now owns 1,274 shares of the company's stock worth $82,000 after purchasing an additional 301 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of Ferrovial by 2.6% during the fourth quarter. Groupama Asset Managment now owns 11,878 shares of the company's stock worth $767,000 after purchasing an additional 302 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company's stock valued at $51,000 after buying an additional 450 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ferrovial Trading Down 0.7%

Shares of FER stock opened at $54.24 on Wednesday. The stock has a 50-day moving average of $62.17 and a 200-day moving average of $65.83. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial SE has a 1-year low of $53.91 and a 1-year high of $74.79.

Ferrovial 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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