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

Ferrovial SE (NASDAQ:FER)’s share price reached a new 52-week low on Thursday. The stock traded as low as $49.22 and last traded at $48.75, with a volume of 1,076,712 shares trading hands. The stock had previously closed at $50.19.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. UBS Group downgraded Ferrovial from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ferrovial in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ferrovial has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Up 1.1%

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 stock’s 50 day moving average is $56.97 and its two-hundred day moving average is $63.73.

Institutional Investors Weigh In On Ferrovial

Several large investors have recently modified their holdings of FER. Amundi lifted its position in shares of Ferrovial by 39.7% in the 1st quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after purchasing an additional 4,351,267 shares during the period. Swiss National Bank increased its holdings in Ferrovial by 26.8% during the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after buying an additional 375,590 shares during the period. J. Safra Sarasin Holding AG increased its holdings in Ferrovial by 1.9% during the first quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock valued at $68,623,000 after buying an additional 20,101 shares during the period. Maryland State Retirement & Pension System increased its holdings in Ferrovial by 7.2% during the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after buying an additional 39,694 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in Ferrovial by 2.9% in the first quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company’s stock worth $34,082,000 after buying an additional 15,139 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Company Profile

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.