Ferrovial (NASDAQ:FER) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Ferrovial (NASDAQ:FER) from a buy rating to a hold rating in a report issued on Monday morning, MarketBeat.com reports. Jefferies Financial Group currently has $70.93 price objective on the stock, up from their previous price objective of $70.42.

FER has been the topic of a number of other research reports. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Sanford C. Bernstein lowered Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Citigroup restated a “buy” rating and set a $75.30 price objective (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Weiss Ratings downgraded Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.12.

Ferrovial Stock Down 0.3%

FER opened at $65.93 on Monday. Ferrovial has a 12-month low of $40.46 and a 12-month high of $74.79. The firm’s fifty day moving average price is $69.23 and its 200 day moving average price is $64.27.

Hedge Funds Weigh In On Ferrovial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Generali Asset Management SPA SGR raised its holdings in Ferrovial by 183.0% during the 3rd quarter. Generali Asset Management SPA SGR now owns 46,617 shares of the company’s stock worth $2,732,000 after buying an additional 30,143 shares during the period. Exane Asset Management boosted its holdings in shares of Ferrovial by 15,983.6% in the third quarter. Exane Asset Management now owns 644,471 shares of the company’s stock worth $36,939,000 after buying an additional 640,464 shares during the period. Bank of Italy acquired a new position in shares of Ferrovial in the third quarter worth about $126,229,000. Swiss National Bank increased its position in shares of Ferrovial by 13.9% in the second quarter. Swiss National Bank now owns 1,549,642 shares of the company’s stock worth $82,172,000 after acquiring an additional 188,879 shares in the last quarter. Finally, Triasima Portfolio Management inc. increased its position in shares of Ferrovial by 178.9% in the third quarter. Triasima Portfolio Management inc. now owns 121,550 shares of the company’s stock worth $7,123,000 after acquiring an additional 77,965 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

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.