NEOS Investment Management LLC Purchases 40,329 Shares of Ferrovial SE $FER

NEOS Investment Management LLC grew its stake in shares of Ferrovial SE (NASDAQ:FER) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430,508 shares of the company’s stock after purchasing an additional 40,329 shares during the quarter. NEOS Investment Management LLC owned about 0.06% of Ferrovial worth $29,537,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in 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 purchasing an additional 246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ferrovial by 880.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares during the last quarter. Jane Street Group LLC boosted its position in Ferrovial by 346.5% during the 1st 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 during the period. Quantbot Technologies LP acquired a new position in shares of Ferrovial during the second quarter worth $310,000. Finally, Marshall Wace LLP grew its position in shares of Ferrovial by 481.5% in the 2nd quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock valued at $8,934,000 after buying an additional 138,098 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FER shares. UBS Group cut shares of Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research cut shares of Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Price Performance

NASDAQ FER opened at $58.05 on Friday. The firm’s 50-day simple moving average is $63.78 and its two-hundred day simple moving average is $66.68. Ferrovial SE has a 52 week low of $54.74 and a 52 week high of $74.79. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Ferrovial Profile

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.