Ferrovial (NASDAQ:FER) Sets New 12-Month Low – Here’s What Happened

Ferrovial SE (NASDAQ:FER) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $53.69 and last traded at $54.0830, with a volume of 153398 shares changing hands. The stock had previously closed at $54.57.

Analysts Set New Price Targets

A number of research analysts have recently commented on FER shares. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Zacks Research downgraded shares of Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Weiss Ratings raised shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Finally, UBS Group downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average price of $60.46 and a two-hundred day moving average price of $64.86.

Institutional Trading of Ferrovial

A number of large investors have recently bought and sold shares of FER. Tidal Investments LLC raised its stake in Ferrovial by 914.1% during the second quarter. Tidal Investments LLC now owns 46,150 shares of the company’s stock worth $3,163,000 after acquiring an additional 41,599 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Ferrovial in the 2nd quarter valued at $1,267,000. Corient Private Wealth LP bought a new stake in shares of Ferrovial in the 2nd quarter worth about $257,000. Groupe la Francaise grew its holdings in shares of Ferrovial by 640.9% in the 2nd quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock worth $29,986,000 after purchasing an additional 377,714 shares during the last quarter. Finally, AlphaGrep UK Ltd acquired a new stake in shares of Ferrovial during the 2nd quarter worth about $266,000. 22.28% of the stock is currently owned by institutional investors.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial’s highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.