Ferrovial (NASDAQ:FER) Downgraded by Kepler Capital Markets to “Hold”

Ferrovial (NASDAQ:FER) was downgraded by Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Other equities analysts also recently issued reports about the company. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings raised Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. UBS Group downgraded Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Performance

NASDAQ FER opened at $54.65 on Thursday. The company has a 50-day moving average price of $61.78 and a two-hundred day moving average price of $65.55. Ferrovial has a 52 week low of $53.91 and a 52 week high of $74.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Amundi lifted its holdings in Ferrovial by 39.7% in the 1st quarter. Amundi now owns 15,301,820 shares of the company’s stock valued at $995,383,000 after acquiring an additional 4,351,267 shares during the last quarter. Algebris UK Ltd. bought a new stake in shares of Ferrovial in the 4th quarter worth approximately $839,930,000. Banco Santander S.A. raised its holdings in shares of Ferrovial by 150.2% in the 4th quarter. Banco Santander S.A. now owns 9,678,404 shares of the company’s stock worth $625,322,000 after purchasing an additional 5,810,276 shares in the last quarter. Norges Bank acquired a new stake in Ferrovial during the fourth quarter valued at approximately $605,204,000. Finally, Barclays PLC lifted its stake in Ferrovial by 75.0% during the fourth quarter. Barclays PLC now owns 7,809,502 shares of the company’s stock valued at $504,572,000 after purchasing an additional 3,345,735 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company’s highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.