Envestnet Asset Management Inc. Increases Stock Holdings in Ferrovial SE $FER

Envestnet Asset Management Inc. lifted its position in shares of Ferrovial SE (NASDAQ:FER) by 405.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,847 shares of the company’s stock after buying an additional 31,154 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ferrovial were worth $2,275,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Ferrovial in the third quarter worth $66,000. AlphaCore Capital LLC acquired a new stake in Ferrovial in the 2nd quarter worth about $83,000. Osaic Holdings Inc. grew its holdings in Ferrovial by 9,326.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock valued at $96,000 after buying an additional 1,772 shares during the period. Ascent Group LLC purchased a new stake in Ferrovial in the 3rd quarter valued at about $207,000. Finally, Drive Wealth Management LLC acquired a new position in shares of Ferrovial during the 3rd quarter valued at about $222,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FER shares. Weiss Ratings cut shares of Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, February 19th. Citigroup reiterated 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. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Sanford C. Bernstein lowered Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial Price Performance

Ferrovial stock opened at $74.38 on Friday. Ferrovial SE has a one year low of $40.46 and a one year high of $74.79. The stock’s 50 day moving average price is $68.83 and its 200 day moving average price is $63.56.

Ferrovial Company 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.