24,387 Ferrovial SE $FER Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. reduced its stake in Ferrovial SE (NASDAQ:FER) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 104,778 shares of the company’s stock after selling 24,387 shares during the quarter. Ferrovial makes up 3.0% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 9th largest holding. Cooper Investors PTY Ltd.’s holdings in Ferrovial were worth $5,668,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Ferrovial by 32.7% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock valued at $60,000 after purchasing an additional 272 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Ferrovial by 172.3% in the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after buying an additional 436 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Ferrovial by 914.1% in the second quarter. Tidal Investments LLC now owns 46,150 shares of the company’s stock worth $3,163,000 after buying an additional 41,599 shares during the last quarter. Baird Financial Group Inc. bought a new stake in shares of Ferrovial during the 2nd quarter worth $1,267,000. Finally, Corient Private Wealth LP bought a new stake in shares of Ferrovial during the 2nd quarter worth $257,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FER. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ferrovial in a research note on Tuesday, October 6th. Kepler Capital Markets lowered shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Zacks Research cut shares of Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Trading Up 0.4%

Shares of FER stock traded up $0.22 during trading hours on Tuesday, reaching $50.56. 1,321,649 shares of the company’s stock were exchanged, compared to its average volume of 1,486,361. Ferrovial SE has a fifty-two week low of $49.43 and a fifty-two 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. The business has a fifty day moving average price of $58.29 and a 200-day moving average price of $64.11.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial’s highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.