Ferrovial SE $FER Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Ferrovial SE (NASDAQ:FER) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,534 shares of the company’s stock after selling 262,525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ferrovial were worth $22,856,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FER. Lazard Asset Management LLC grew its holdings in Ferrovial by 40,717,866.7% during the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after purchasing an additional 21,987,648 shares in the last quarter. Amundi increased its stake in shares of Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after buying an additional 10,016,475 shares during the last quarter. Credit Agricole S A bought a new stake in shares of Ferrovial in the third quarter worth $343,371,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Ferrovial in the third quarter worth $175,868,000. Finally, Bank of Italy bought a new stake in shares of Ferrovial in the third quarter worth $126,229,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on FER. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their target price for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Finally, Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrovial presently has a consensus rating of “Hold” and an average price target of $73.12.

Ferrovial Trading Down 2.0%

Ferrovial stock opened at $70.25 on Wednesday. The company has a 50-day simple moving average of $68.51 and a 200-day simple moving average of $66.47. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial SE has a one year low of $45.57 and a one year high of $74.79.

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.

Ferrovial Company Profile

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.