Weiss Ratings Reiterates “Buy (B+)” Rating for Ferrovial (NASDAQ:FER)

Ferrovial (NASDAQ:FER)‘s stock had its “buy (b+)” rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the company. BNP Paribas Exane upgraded Ferrovial from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 24th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a report on Wednesday, June 25th. Wall Street Zen cut Ferrovial from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, BNP Paribas upgraded Ferrovial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Ferrovial presently has a consensus rating of “Moderate Buy”.

Ferrovial Stock Performance

NASDAQ:FER opened at $60.96 on Wednesday. The stock’s 50-day moving average is $55.77 and its 200-day moving average is $51.74. Ferrovial has a 1-year low of $37.93 and a 1-year high of $61.13.

Hedge Funds Weigh In On Ferrovial

Several institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in Ferrovial by 16.9% in the third quarter. Assenagon Asset Management S.A. now owns 39,712 shares of the company’s stock valued at $2,276,000 after buying an additional 5,736 shares during the period. Osaic Holdings Inc. lifted its stake in Ferrovial by 9,326.3% in the second quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock valued at $96,000 after buying an additional 1,772 shares during the period. Orion Porfolio Solutions LLC lifted its stake in Ferrovial by 100.5% in the second quarter. Orion Porfolio Solutions LLC now owns 18,011 shares of the company’s stock valued at $965,000 after buying an additional 9,030 shares during the period. Thrivent Financial for Lutherans acquired a new position in Ferrovial in the second quarter valued at approximately $5,884,000. Finally, State of Wyoming acquired a new position in Ferrovial in the second quarter valued at approximately $317,000. 22.28% of the stock is owned by institutional investors and hedge funds.

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.