Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 63,229 Ferrovial SE $FER

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ferrovial SE (NASDAQ:FER) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 63,229 shares of the company’s stock, valued at approximately $4,081,000.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its stake in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after purchasing an additional 501 shares during the period. EverSource Wealth Advisors LLC increased its stake in Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares during the last quarter. Larson Financial Group LLC increased its stake in Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Ferrovial during the third quarter valued at $66,000. Finally, Credit Industriel ET Commercial bought a new stake in Ferrovial during the third quarter valued at $72,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on FER shares. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their target price for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.12.

Ferrovial Stock Performance

FER stock opened at $70.05 on Tuesday. The firm has a fifty day moving average price of $67.67 and a two-hundred day moving average price of $67.13. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. Ferrovial SE has a 1-year low of $47.85 and a 1-year high of $74.79.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter.

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.