30,592 Ferrovial SE $FER Shares Bought by Sterling Investment Management LLC

Sterling Investment Management LLC lifted its stake in Ferrovial SE (NASDAQ:FER) by 164.2% during the 3rd quarter, Holdings Channel reports. The firm owned 49,223 shares of the company’s stock after acquiring an additional 30,592 shares during the period. Ferrovial makes up 1.3% of Sterling Investment Management LLC’s holdings, making the stock its 21st biggest holding. Sterling Investment Management LLC’s holdings in Ferrovial were worth $2,663,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FER. Amundi increased its holdings in Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company’s stock valued at $995,383,000 after purchasing an additional 4,351,267 shares during the last quarter. Swiss National Bank lifted its stake in Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after buying an additional 375,590 shares during the period. J. Safra Sarasin Holding AG lifted its stake in Ferrovial by 1.9% in the first quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock valued at $68,623,000 after buying an additional 20,101 shares during the period. Maryland State Retirement & Pension System lifted its stake in Ferrovial by 7.2% in the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after buying an additional 39,694 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in Ferrovial by 2.9% during the first quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company’s stock worth $34,082,000 after buying an additional 15,139 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FER shares. Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Weiss Ratings cut Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ferrovial in a research report on Tuesday, October 6th. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Finally, Kepler Capital Markets lowered shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $49.41 on Friday. Ferrovial SE has a twelve month low of $48.00 and a twelve month high of $74.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. The company’s fifty day moving average is $56.97 and its 200-day moving average is $63.73.

Ferrovial Profile

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.