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Vanguard Group Inc. Increases Position in Ferrovial SE $FER

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Key Points

  • Vanguard Group Inc. increased its stake in Ferrovial by 1.7% in Q4 to 20,699,246 shares, representing about 2.79% ownership valued at approximately $1.341 billion.
  • Other institutional investors — notably Lazard and Amundi — also made large purchases and new entrants (Credit Agricole, Antipodes, Bank of Italy) were reported, with roughly 22.28% of the stock held by hedge funds and institutions.
  • Analysts have a consensus rating of Hold with an average price target of $73.12; FER traded around $68.91 and sits within a 52‑week range of $47.85–$74.79.
  • Interested in Ferrovial? Here are five stocks we like better.

Vanguard Group Inc. raised its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,699,246 shares of the company's stock after acquiring an additional 354,530 shares during the period. Vanguard Group Inc. owned approximately 2.79% of Ferrovial worth $1,341,125,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FER. Lazard Asset Management LLC grew its position in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company's stock valued at $1,258,865,000 after purchasing an additional 21,987,648 shares in the last quarter. Amundi lifted its position in Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company's stock worth $1,297,312,000 after buying an additional 10,016,475 shares in the last quarter. Credit Agricole S A purchased a new position in Ferrovial during the third quarter worth approximately $343,371,000. ANTIPODES PARTNERS Ltd acquired a new position in Ferrovial during the third quarter worth $175,868,000. Finally, Bank of Italy purchased a new stake in Ferrovial in the 3rd quarter valued at $126,229,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings downgraded Ferrovial from a "buy (b+)" rating to a "hold (c+)" rating in a research note on Thursday, March 5th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group cut shares of Ferrovial from a "buy" rating to a "hold" rating and raised their price objective for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Ferrovial presently has a consensus rating of "Hold" and an average price target of $73.12.

Get Our Latest Stock Analysis on Ferrovial

Ferrovial Trading Up 2.0%

FER stock opened at $68.91 on Friday. The business has a fifty day moving average of $67.93 and a two-hundred day moving average of $66.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. Ferrovial SE has a 52-week low of $47.85 and a 52-week high of $74.79.

Ferrovial (NASDAQ:FER - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion during the quarter.

Ferrovial Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding FER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrovial SE (NASDAQ:FER - Free Report).

Institutional Ownership by Quarter for Ferrovial (NASDAQ:FER)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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