Triasima Portfolio Management inc. Takes $2.34 Million Position in Ferrovial SE $FER

Triasima Portfolio Management inc. acquired a new stake in shares of Ferrovial SE (NASDAQ:FER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,585 shares of the company’s stock, valued at approximately $2,335,000.

Several other institutional investors have also recently made changes to their positions in FER. Banque Cantonale Vaudoise acquired a new position in shares of Ferrovial during the first quarter valued at about $150,000. Townsquare Capital LLC raised its holdings in shares of Ferrovial by 23.5% during the first quarter. Townsquare Capital LLC now owns 6,872 shares of the company’s stock valued at $309,000 after purchasing an additional 1,306 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Ferrovial by 14.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company’s stock valued at $386,000 after purchasing an additional 1,076 shares during the period. Royal Bank of Canada raised its holdings in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares during the period. Finally, Groupama Asset Managment acquired a new position in shares of Ferrovial during the first quarter valued at about $566,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Trading Up 0.2%

NASDAQ:FER opened at $60.36 on Wednesday. Ferrovial SE has a 52 week low of $37.93 and a 52 week high of $60.47. The firm has a 50-day moving average price of $55.59 and a two-hundred day moving average price of $51.67.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BNP Paribas Exane upgraded shares of Ferrovial from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 24th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a report on Saturday, September 27th. Finally, BNP Paribas upgraded shares of Ferrovial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ferrovial currently has a consensus rating of “Moderate Buy”.

Ferrovial Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.