ProShare Advisors LLC Buys 32,683 Shares of Ferrovial SE $FER

ProShare Advisors LLC raised its stake in Ferrovial SE (NASDAQ:FER) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 758,817 shares of the company’s stock after acquiring an additional 32,683 shares during the period. ProShare Advisors LLC owned approximately 0.10% of Ferrovial worth $41,036,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its position in Ferrovial by 13.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 24,584 shares of the company’s stock worth $1,342,000 after purchasing an additional 2,921 shares during the period. Vantage Investment Partners LLC lifted its holdings in shares of Ferrovial by 47.6% during the 3rd quarter. Vantage Investment Partners LLC now owns 519,370 shares of the company’s stock worth $28,098,000 after acquiring an additional 167,439 shares during the period. Victory Financial Group LLC acquired a new stake in shares of Ferrovial during the 3rd quarter worth approximately $203,000. Generali Asset Management SPA SGR boosted its position in shares of Ferrovial by 93.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 94,780 shares of the company’s stock worth $5,128,000 after acquiring an additional 45,860 shares in the last quarter. Finally, Harrison Street Private Wealth LLC boosted its position in shares of Ferrovial by 21.0% during the 3rd quarter. Harrison Street Private Wealth LLC now owns 51,410 shares of the company’s stock worth $2,774,000 after acquiring an additional 8,939 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $55.29 on Monday. Ferrovial SE has a 52-week low of $48.00 and a 52-week high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $54.57 and a 200-day moving average of $64.28.

Analysts Set New Price Targets

Several brokerages have commented on FER. Mediobanca upgraded shares of Ferrovial to an “outperform” rating in a research report on Wednesday, August 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft lowered Ferrovial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. UBS Group lowered Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings cut Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.