Public Employees Retirement System of Ohio Buys Shares of 71,687 Ferrovial SE $FER

Public Employees Retirement System of Ohio purchased a new stake in shares of Ferrovial SE (NASDAQ:FER) during the second quarter, HoldingsChannel.com reports. The fund purchased 71,687 shares of the company’s stock, valued at approximately $4,915,000.

A number of other large investors have also recently made changes to their positions in FER. Royal Bank of Canada grew its stake in shares of Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares during the period. Jane Street Group LLC lifted its position in Ferrovial by 346.5% during the first quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after purchasing an additional 18,809 shares during the period. Quantbot Technologies LP purchased a new stake in Ferrovial in the second quarter worth approximately $310,000. Finally, Marshall Wace LLP boosted its holdings in Ferrovial by 481.5% in the second quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock worth $8,934,000 after purchasing an additional 138,098 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Trading Up 0.2%

FER opened at $57.84 on Thursday. The company’s 50 day moving average is $64.23 and its 200 day moving average is $66.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial SE has a 12-month low of $53.49 and a 12-month high of $74.79.

Wall Street Analysts Forecast Growth

FER has been the subject of a number of research reports. Weiss Ratings upgraded shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, UBS Group cut Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.47.

About Ferrovial

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.