Korea Investment CORP Has $18.20 Million Holdings in Ferrovial SE $FER

Korea Investment CORP raised its holdings in Ferrovial SE (NASDAQ:FER) by 34.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 317,488 shares of the company’s stock after purchasing an additional 81,016 shares during the quarter. Korea Investment CORP’s holdings in Ferrovial were worth $18,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FER. First Trust Advisors LP boosted its stake in shares of Ferrovial by 20.3% during the 3rd quarter. First Trust Advisors LP now owns 10,752 shares of the company’s stock worth $630,000 after acquiring an additional 1,814 shares during the period. Barclays PLC raised its stake in Ferrovial by 7.9% in the 3rd quarter. Barclays PLC now owns 4,463,767 shares of the company’s stock valued at $261,577,000 after acquiring an additional 325,912 shares during the period. Crossmark Global Holdings Inc. raised its stake in Ferrovial by 6.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,914 shares of the company’s stock valued at $1,519,000 after acquiring an additional 1,587 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Ferrovial by 31.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 23,688 shares of the company’s stock valued at $1,388,000 after purchasing an additional 5,677 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Ferrovial by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock valued at $31,540,000 after purchasing an additional 41,783 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Stock Up 0.2%

Shares of NASDAQ FER opened at $66.04 on Wednesday. The stock’s fifty day moving average price is $69.25 and its two-hundred day moving average price is $64.34. Ferrovial SE has a one year low of $40.46 and a one year high of $74.79.

Wall Street Analyst Weigh In

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

About Ferrovial

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.