Ferrovial SE $FER Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its holdings in Ferrovial SE (NASDAQ:FER) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 766,721 shares of the company’s stock after selling 13,639 shares during the quarter. Neuberger Berman Group LLC’s holdings in Ferrovial were worth $43,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Ferrovial by 118.6% in 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 stake in shares of Ferrovial in the third quarter worth about $66,000. Credit Industriel ET Commercial acquired a new stake in Ferrovial during the third quarter worth about $72,000. AlphaCore Capital LLC purchased a new position in Ferrovial during the second quarter valued at approximately $83,000. Finally, Osaic Holdings Inc. raised its position in Ferrovial by 9,326.3% during the second quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock valued at $96,000 after acquiring an additional 1,772 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Stock Down 1.6%

NASDAQ FER opened at $66.16 on Friday. Ferrovial SE has a twelve month low of $40.46 and a twelve month high of $74.79. The stock has a 50-day moving average of $69.21 and a 200 day moving average of $64.06.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings cut shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Citigroup reissued a “buy” rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Ferrovial presently has a consensus rating of “Moderate Buy” and an average price target of $75.30.

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.