Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 63,229 Ferrovial SE $FER

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ferrovial SE (NASDAQ:FER) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 63,229 shares of the company’s stock, valued at approximately $4,081,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FER. Royal Bank of Canada grew its holdings in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after buying an additional 246 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock worth $2,204,000 after buying an additional 47,892 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Ferrovial by 346.5% during the first quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after buying an additional 18,809 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ferrovial during the second quarter worth about $310,000. Finally, Marshall Wace LLP grew its holdings in shares of Ferrovial by 481.5% during the second quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock worth $8,934,000 after buying an additional 138,098 shares in the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Price Performance

FER opened at $70.05 on Tuesday. The company’s 50 day simple moving average is $67.67 and its 200 day simple moving average is $67.13. 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 1 year low of $47.85 and a 1 year high of $74.79.

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

Wall Street Analyst Weigh In

FER has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price target for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Weiss Ratings downgraded shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.