Ferrovial SE $FER Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Ferrovial SE (NASDAQ:FER) by 72.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,476 shares of the company’s stock after selling 386,981 shares during the period. Vontobel Holding Ltd.’s holdings in Ferrovial were worth $7,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FER. Amundi boosted its holdings in Ferrovial by 39.7% during the first quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after buying an additional 4,351,267 shares in the last quarter. Swiss National Bank grew its position 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% in 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 in the last quarter. Maryland State Retirement & Pension System increased its holdings in Ferrovial by 7.2% in 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 in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Ferrovial by 2.9% in the first quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company’s stock valued at $34,082,000 after buying an additional 15,139 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ferrovial Price Performance

Shares of FER stock opened at $49.41 on Friday. 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 has a 50 day simple moving average of $56.97 and a 200-day simple moving average of $63.73. Ferrovial SE has a 1-year low of $48.00 and a 1-year high of $74.79.

About Ferrovial

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.