Jain Global LLC Grows Stock Position in Ferrovial SE $FER

Jain Global LLC lifted its holdings in Ferrovial SE (NASDAQ:FER) by 1,416.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 187,206 shares of the company’s stock after purchasing an additional 174,863 shares during the period. Jain Global LLC’s holdings in Ferrovial were worth $10,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Aquatic Capital Management LLC purchased a new position in shares of Ferrovial in the third quarter worth approximately $420,000. Alliancebernstein L.P. increased its holdings in Ferrovial by 15.7% during the third quarter. Alliancebernstein L.P. now owns 93,057 shares of the company’s stock valued at $5,453,000 after buying an additional 12,634 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in Ferrovial by 344.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 53,856 shares of the company’s stock worth $3,156,000 after acquiring an additional 41,744 shares during the period. Lazard Asset Management LLC raised its position in Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after acquiring an additional 21,987,648 shares during the period. Finally, SummitTX Capital L.P. purchased a new position in shares of Ferrovial during the 3rd quarter worth $639,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $64.70 on Tuesday. The firm has a fifty day moving average price of $69.19 and a 200-day moving average price of $64.61. Ferrovial SE has a 1 year low of $40.46 and a 1 year high of $74.79.

Analysts Set New Price Targets

FER has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Citigroup reaffirmed a “buy” rating and issued a $75.30 target price (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and boosted their price target for the company from $70.42 to $70.93 in a report on Monday, March 9th. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings downgraded Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Ferrovial presently has a consensus rating of “Hold” and an average target price of $73.12.

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.