Neuberger Berman Group LLC Decreases Stock Position in Ferrovial SE $FER

Neuberger Berman Group LLC lessened its holdings in Ferrovial SE (NASDAQ:FER) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 766,721 shares of the company’s stock after selling 13,639 shares during the quarter. Neuberger Berman Group LLC owned 0.10% of Ferrovial worth $43,981,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FER. Royal Bank of Canada increased its holdings in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after acquiring an additional 246 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ferrovial by 880.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares during the last quarter. Jane Street Group LLC boosted its stake in Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after purchasing an additional 18,809 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Ferrovial by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after purchasing an additional 214 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Ferrovial by 7.8% during the 2nd quarter. Bank of Montreal Can now owns 314,462 shares of the company’s stock worth $16,768,000 after purchasing an additional 22,771 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Down 1.6%

Shares of 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 company’s 50 day moving average is $69.21 and its 200 day moving average is $64.06.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FER. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Sanford C. Bernstein downgraded shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Citigroup reissued a “buy” rating and issued a $75.30 target price (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.