Ferrovial SE $FER Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in Ferrovial SE (NASDAQ:FER) by 8.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 538,220 shares of the company’s stock after acquiring an additional 41,783 shares during the quarter. Fisher Asset Management LLC’s holdings in Ferrovial were worth $31,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after buying an additional 364 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Ferrovial in the 3rd quarter worth approximately $66,000. Credit Industriel ET Commercial acquired a new stake in Ferrovial in the third quarter valued at approximately $72,000. AlphaCore Capital LLC purchased a new stake in shares of Ferrovial during the second quarter valued at approximately $83,000. Finally, Osaic Holdings Inc. lifted its position in shares of Ferrovial by 9,326.3% during the second quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock worth $96,000 after purchasing an additional 1,772 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

FER stock opened at $68.83 on Wednesday. The stock’s 50 day simple moving average is $69.05 and its 200 day simple moving average is $63.92. Ferrovial SE has a 12-month low of $40.46 and a 12-month high of $74.79.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FER. Weiss Ratings lowered shares of Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 19th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Citigroup reissued a “buy” rating and issued a $75.30 price target (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Finally, Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial 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.