Tidal Investments LLC Purchases 41,599 Shares of Ferrovial SE $FER

Tidal Investments LLC lifted its position in shares of Ferrovial SE (NASDAQ:FER) by 914.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 46,150 shares of the company’s stock after purchasing an additional 41,599 shares during the quarter. Tidal Investments LLC’s holdings in Ferrovial were worth $3,163,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FER. Cloverfields Capital Group LP bought a new position in shares of Ferrovial in the 1st quarter worth about $1,547,000. Cooper Investors PTY Ltd. lifted its stake in shares of Ferrovial by 23.7% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock valued at $8,862,000 after purchasing an additional 24,783 shares during the period. J. Safra Sarasin Holding AG boosted its position in shares of Ferrovial by 1.9% during the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock valued at $68,623,000 after purchasing an additional 20,101 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Ferrovial by 7.2% during the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after purchasing an additional 39,694 shares in the last quarter. Finally, Swiss National Bank grew its stake in Ferrovial by 26.8% during the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after purchasing an additional 375,590 shares during the period. Institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FER. Zacks Research downgraded Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. UBS Group cut Ferrovial from a “buy” rating to a “neutral” rating in a 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. Finally, Weiss Ratings upgraded shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ferrovial has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $54.24 on Wednesday. Ferrovial SE has a one year low of $53.91 and a one year high of $74.79. The business has a 50-day simple moving average of $62.17 and a 200 day simple moving average of $65.83. 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 Company Profile

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company’s highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.