JPMorgan Chase & Co. restated their neutral rating on shares of Ferrovial (NASDAQ:FER – Free Report) in a research note released on Tuesday morning, Marketbeat Ratings reports.
Several other research firms have also recently commented on FER. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Zacks Research cut shares of Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. UBS Group downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Finally, Weiss Ratings cut Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.47.
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Ferrovial Price Performance
Institutional Investors Weigh In On Ferrovial
A number of hedge funds and other institutional investors have recently modified their holdings of FER. Farther Finance Advisors LLC grew its holdings in shares of Ferrovial by 32.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock worth $60,000 after acquiring an additional 272 shares during the period. Elevation Wealth Partners LLC raised its holdings in Ferrovial by 172.3% during the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after purchasing an additional 436 shares during the last quarter. Tidal Investments LLC boosted its position in Ferrovial by 914.1% during the second quarter. Tidal Investments LLC now owns 46,150 shares of the company’s stock worth $3,163,000 after purchasing an additional 41,599 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in Ferrovial during the second quarter worth $1,267,000. Finally, Corient Private Wealth LP purchased a new stake in Ferrovial during the second quarter worth $257,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
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.
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