Pictet Asset Management Holding SA Has $33.71 Million Stock Position in Ferrovial SE $FER

Pictet Asset Management Holding SA lowered its stake in shares of Ferrovial SE (NASDAQ:FER) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 518,603 shares of the company’s stock after selling 99,392 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ferrovial were worth $33,706,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FER. Signaturefd LLC raised its stake in shares of Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after purchasing an additional 501 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after buying an additional 364 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after buying an additional 687 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial during the third quarter worth approximately $66,000. Finally, Credit Industriel ET Commercial bought a new stake in Ferrovial during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Finally, Weiss Ratings downgraded shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrovial currently has a consensus rating of “Hold” and a consensus price target of $73.12.

Ferrovial Stock Performance

Ferrovial stock opened at $67.58 on Thursday. The business’s 50-day simple moving average is $67.98 and its 200 day simple moving average is $66.77. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. Ferrovial SE has a 12-month low of $47.85 and a 12-month high of $74.79.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share 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.