NEOS Investment Management LLC Purchases 40,329 Shares of Ferrovial SE $FER

NEOS Investment Management LLC boosted its holdings in shares of Ferrovial SE (NASDAQ:FER) by 10.3% in the second quarter, HoldingsChannel reports. The fund owned 430,508 shares of the company’s stock after acquiring an additional 40,329 shares during the period. NEOS Investment Management LLC’s holdings in Ferrovial were worth $29,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FER. Cullen Frost Bankers Inc. boosted its position in shares of Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the last quarter. Blue Trust Inc. increased its position in Ferrovial by 136.8% during the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after acquiring an additional 450 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after acquiring an additional 687 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Ferrovial in the fourth quarter worth approximately $68,000. Finally, Summit Securities Group LLC bought a new position in Ferrovial in the fourth quarter worth approximately $72,000. 22.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FER. UBS Group cut shares of Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Zacks Research cut shares of Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ferrovial has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Trading Down 0.1%

NASDAQ FER opened at $58.05 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 company has a fifty day simple moving average of $63.78 and a two-hundred day simple moving average of $66.68. Ferrovial SE has a 12-month low of $54.74 and a 12-month high of $74.79.

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.