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

Key Points

• Ferrovial shares hit a new 52-week low, falling to $51.28 and last trading at $51.84, well below their 50-day and 200-day moving averages of $59.64 and $64.55.
• Analyst sentiment has weakened, with several firms downgrading the stock; the consensus rating is now “Hold”, although the average price target of $70.47 implies potential upside.
• Institutional ownership remains significant at 22.28%, with major investors including Amundi, Banco Santander, Barclays, Deutsche Bank and Arrowstreet Capital increasing their positions.

Ferrovial SE (NASDAQ:FER - Get Free Report)'s stock price reached a new 52-week low on Tuesday. The stock traded as low as $51.28 and last traded at $51.84, with a volume of 3162273 shares trading hands. The stock had previously closed at $53.64.

Analyst Upgrades and Downgrades

FER has been the topic of several research reports. UBS Group lowered Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Weiss Ratings lowered shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Kepler Capital Markets cut Ferrovial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 17th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Finally, Zacks Research downgraded Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, six have issued 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 an average price target of $70.47.

Ferrovial Stock Performance

The stock's 50 day moving average price is $59.64 and its two-hundred day moving average price is $64.55. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FER. Amundi increased its position in Ferrovial by 39.7% during the first 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 in the last quarter. Banco Santander S.A. increased its position in Ferrovial by 150.2% during the 4th quarter. Banco Santander S.A. now owns 9,678,404 shares of the company's stock worth $625,322,000 after purchasing an additional 5,810,276 shares in the last quarter. Barclays PLC increased its position in Ferrovial by 75.0% during the 4th quarter. Barclays PLC now owns 7,809,502 shares of the company's stock worth $504,572,000 after purchasing an additional 3,345,735 shares in the last quarter. Deutsche Bank AG raised its stake in Ferrovial by 5.9% in the 4th quarter. Deutsche Bank AG now owns 4,530,114 shares of the company's stock valued at $292,691,000 after purchasing an additional 250,921 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Ferrovial by 21.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,310,950 shares of the company's stock worth $149,882,000 after purchasing an additional 408,456 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

About Ferrovial

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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