UBS Group AG Sells 632,432 Shares of Ferrovial SE $FER

UBS Group AG decreased its position in Ferrovial SE (NASDAQ:FER) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,946,190 shares of the company’s stock after selling 632,432 shares during the quarter. UBS Group AG’s holdings in Ferrovial were worth $465,647,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Generali Asset Management SPA SGR grew its holdings in Ferrovial by 183.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 46,617 shares of the company’s stock valued at $2,732,000 after buying an additional 30,143 shares in the last quarter. Exane Asset Management lifted its holdings in shares of Ferrovial by 15,983.6% during the third quarter. Exane Asset Management now owns 644,471 shares of the company’s stock worth $36,939,000 after buying an additional 640,464 shares in the last quarter. Bank of Italy acquired a new stake in shares of Ferrovial during the third quarter worth $126,229,000. Swiss National Bank boosted its position in shares of Ferrovial by 13.9% in the second quarter. Swiss National Bank now owns 1,549,642 shares of the company’s stock valued at $82,172,000 after acquiring an additional 188,879 shares during the period. Finally, Triasima Portfolio Management inc. grew its stake in shares of Ferrovial by 178.9% in the third quarter. Triasima Portfolio Management inc. now owns 121,550 shares of the company’s stock valued at $7,123,000 after acquiring an additional 77,965 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of NASDAQ:FER traded down $0.79 during midday trading on Friday, hitting $63.56. The stock had a trading volume of 193,640 shares, compared to its average volume of 1,309,556. The company’s 50-day moving average price is $69.27 and its 200-day moving average price is $64.35. Ferrovial SE has a fifty-two week low of $40.46 and a fifty-two week high of $74.79.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Citigroup restated a “buy” rating and set a $75.30 target price (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.42 to $70.93 in a report on Monday. Sanford C. Bernstein downgraded shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.12.

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.