Ferrovial SE $FER Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Ferrovial SE (NASDAQ:FER) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,699,246 shares of the company’s stock after purchasing an additional 354,530 shares during the period. Vanguard Group Inc.’s holdings in Ferrovial were worth $1,341,125,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Altfest L J & Co. Inc. lifted its stake in Ferrovial by 0.9% during the third quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock worth $1,080,000 after purchasing an additional 165 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock valued at $2,990,000 after buying an additional 206 shares in the last quarter. Hancock Whitney Corp grew its stake in shares of Ferrovial by 1.6% in the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock valued at $843,000 after buying an additional 230 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after buying an additional 246 shares during the period. Finally, Earned Wealth Advisors LLC lifted its stake in Ferrovial by 7.0% during the 3rd quarter. Earned Wealth Advisors LLC now owns 4,786 shares of the company’s stock worth $280,000 after acquiring an additional 314 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Stock Performance

Ferrovial stock opened at $68.91 on Friday. The stock’s fifty day simple moving average is $67.93 and its 200-day simple moving average is $66.79. Ferrovial SE has a twelve month low of $47.85 and a twelve month high of $74.79. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $3.19 billion for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FER. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and increased their price target for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Finally, Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.12.

About Ferrovial

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.