Vontobel Holding Ltd. Sells 386,981 Shares of Ferrovial SE $FER

Key Points

• Vontobel Holding cut its Ferrovial stake by 72.8% in the third quarter, selling 386,981 shares and retaining 144,476 shares valued at approximately $7.78 million.
• Other institutional investors generally increased their positions, including Amundi, which raised its stake by 39.7%. Institutional investors and hedge funds collectively own 22.28% of Ferrovial.
• Ferrovial shares opened at $49.41, near their 52-week low, while analysts maintained a consensus “Hold” rating with an average price target of $70.47.

Vontobel Holding Ltd. lessened its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 72.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,476 shares of the company's stock after selling 386,981 shares during the quarter. Vontobel Holding Ltd.'s holdings in Ferrovial were worth $7,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi raised its position in Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after buying an additional 4,351,267 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock valued at $113,643,000 after acquiring an additional 375,590 shares during the last quarter. J. Safra Sarasin Holding AG boosted its holdings in shares of Ferrovial by 1.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company's stock valued at $68,623,000 after acquiring an additional 20,101 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Ferrovial by 7.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company's stock valued at $38,012,000 after acquiring an additional 39,694 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Ferrovial by 2.9% in the first quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company's stock worth $34,082,000 after acquiring an additional 15,139 shares during the period. Institutional investors and hedge funds own 22.28% of the company's stock.

Ferrovial Stock Up 1.1%

Ferrovial stock opened at $49.41 on Friday. Ferrovial SE has a 52 week low of $48.00 and a 52 week high of $74.79. The business's 50-day moving average price is $56.97 and its 200 day moving average price is $63.73. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Analyst Ratings Changes

FER has been the subject of several recent research reports. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a report on Tuesday, September 22nd. Zacks Research downgraded shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Ferrovial in a report on Tuesday, October 6th. Finally, Kepler Capital Markets lowered shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $70.47.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial's highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.

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