DekaBank Deutsche Girozentrale Trims Stock Holdings in Ferrovial SE $FER

DekaBank Deutsche Girozentrale reduced its stake in Ferrovial SE (NASDAQ:FER) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,628,846 shares of the company’s stock after selling 26,786 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ferrovial were worth $86,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in Ferrovial in the 1st quarter valued at about $150,000. Townsquare Capital LLC increased its stake in Ferrovial by 23.5% during the first quarter. Townsquare Capital LLC now owns 6,872 shares of the company’s stock worth $309,000 after purchasing an additional 1,306 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Ferrovial by 14.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company’s stock worth $386,000 after purchasing an additional 1,076 shares during the period. Royal Bank of Canada increased its stake in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after purchasing an additional 246 shares during the period. Finally, Groupama Asset Managment purchased a new stake in Ferrovial during the first quarter worth about $566,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Stock Performance

FER stock opened at $63.29 on Tuesday. The company’s 50 day moving average price is $57.34 and its 200 day moving average price is $52.77. Ferrovial SE has a fifty-two week low of $37.93 and a fifty-two week high of $63.91.

Analysts Set New Price Targets

A number of brokerages have issued reports on FER. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, June 25th. BNP Paribas upgraded shares of Ferrovial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 24th. Finally, BNP Paribas Exane upgraded shares of Ferrovial from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Ferrovial Company 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.