Ferrovial (NASDAQ:FER) Sets New 12-Month Low - Here's What Happened

Key Points

• Ferrovial shares hit a new 52-week low of $53.69 and last traded near $54.08, below the previous close of $54.57.
• Analyst sentiment is mixed but leans neutral: the stock has a consensus “Hold” rating from MarketBeat, with an average price target of $70.47.
• Institutional investors and hedge funds own 22.28% of Ferrovial, with several firms recently increasing or initiating positions.

Ferrovial SE (NASDAQ:FER - Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as $53.69 and last traded at $54.0830, with a volume of 153398 shares trading hands. The stock had previously closed at $54.57.

Analysts Set New Price Targets

Several brokerages have weighed in on FER. Weiss Ratings raised Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Zacks Research lowered Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. UBS Group cut Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Kepler Capital Markets downgraded Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ferrovial currently has a consensus rating of "Hold" and an average price target of $70.47.

Ferrovial Price Performance

The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $60.46 and a 200-day simple moving average of $64.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FER. Blue Trust Inc. lifted its position in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company's stock worth $51,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Ferrovial by 114.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,441 shares of the company's stock valued at $93,000 after purchasing an additional 770 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Ferrovial in the fourth quarter worth about $140,000. Keybank National Association OH bought a new position in shares of Ferrovial in the first quarter worth about $202,000. Finally, Corient Private Wealth LP acquired a new position in shares of Ferrovial during the 2nd quarter worth about $257,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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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