Maven Securities LTD Purchases New Shares in Ferrovial SE $FER

Maven Securities LTD acquired a new stake in shares of Ferrovial SE (NASDAQ:FER) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,900 shares of the company’s stock, valued at approximately $1,049,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Altfest L J & Co. Inc. boosted its stake in shares of Ferrovial by 0.9% during the 3rd quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock valued at $1,080,000 after purchasing an additional 165 shares in the last quarter. ProShare Advisors LLC raised its stake in Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after buying an additional 206 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Ferrovial by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after buying an additional 214 shares in the last quarter. Hancock Whitney Corp lifted its holdings in Ferrovial by 1.6% in the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after buying an additional 230 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in Ferrovial by 0.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company’s stock valued at $1,781,000 after acquiring an additional 236 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FER has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and lifted their price target for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Finally, Citigroup reiterated a “buy” rating and issued a $75.30 price objective (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 four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.12.

Ferrovial Stock Performance

Shares of NASDAQ:FER opened at $65.20 on Wednesday. The business has a fifty day moving average price of $69.15 and a 200-day moving average price of $64.68. Ferrovial SE has a 1-year low of $40.46 and a 1-year high of $74.79.

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.