Ferrovial SE $FER Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG increased its position in shares of Ferrovial SE (NASDAQ:FER) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,054,570 shares of the company’s stock after purchasing an additional 35,232 shares during the quarter. Ferrovial accounts for approximately 1.1% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 22nd largest holding. J. Safra Sarasin Holding AG owned 0.14% of Ferrovial worth $68,544,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in Ferrovial by 40,717,866.7% in the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after buying an additional 21,987,648 shares during the period. Amundi lifted its stake in Ferrovial by 87.0% during the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after acquiring an additional 10,016,475 shares during the period. Credit Agricole S A purchased a new stake in shares of Ferrovial in the 3rd quarter valued at $343,371,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Ferrovial in the third quarter worth $175,868,000. Finally, Bank of Italy acquired a new stake in shares of Ferrovial in the third quarter worth $126,229,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup restated a “buy” rating and set a $75.30 target price (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings downgraded 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.12.

Ferrovial Price Performance

FER opened at $62.24 on Tuesday. The firm has a fifty day moving average price of $68.33 and a 200 day moving average price of $65.17. Ferrovial SE has a 1 year low of $40.46 and a 1 year high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter. On average, research analysts anticipate that Ferrovial SE will post 0.72 earnings per share for the current year.

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.