Miller Howard Investments Inc. NY reduced its position in shares of Ferrovial SE (NASDAQ:FER – Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,769 shares of the company’s stock after selling 15,887 shares during the period. Miller Howard Investments Inc. NY’s holdings in Ferrovial were worth $3,234,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Ferrovial by 48.1% in the 3rd quarter. Signaturefd LLC now owns 3,195 shares of the company’s stock valued at $173,000 after purchasing an additional 1,037 shares in the last quarter. Tectonic Advisors LLC bought a new position in shares of Ferrovial in the 3rd quarter valued at $372,000. Sterling Investment Management LLC increased its stake in shares of Ferrovial by 164.2% in the 3rd quarter. Sterling Investment Management LLC now owns 49,223 shares of the company’s stock valued at $2,663,000 after purchasing an additional 30,592 shares during the last quarter. Banque Pictet & Cie SA bought a new position in shares of Ferrovial in the 3rd quarter valued at $2,053,000. Finally, Salvus Wealth Management LLC acquired a new position in shares of Ferrovial during the 3rd quarter worth $292,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
Ferrovial Stock Up 1.4%
Shares of NASDAQ:FER opened at $50.35 on Tuesday. Ferrovial SE has a 52-week low of $48.00 and a 52-week high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $55.53 and a 200-day moving average of $64.60.
Analyst Ratings Changes
Several analysts recently weighed in on FER shares. Mediobanca upgraded Ferrovial to an “outperform” rating in a research report on Wednesday, August 19th. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ferrovial in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft downgraded Ferrovial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ferrovial currently has a consensus rating of “Hold” and a consensus target price of $70.47.
Get Our Latest Stock Report on FER
Ferrovial Profile
Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.
Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.
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