Banco Santander S.A. Has $226.67 Million Stock Holdings in Ferrovial SE $FER

Banco Santander S.A. trimmed its stake in shares of Ferrovial SE (NASDAQ:FER) by 8.8% during the third quarter, HoldingsChannel.com reports. The firm owned 3,868,128 shares of the company’s stock after selling 373,581 shares during the quarter. Ferrovial makes up 2.0% of Banco Santander S.A.’s portfolio, making the stock its 7th largest position. Banco Santander S.A.’s holdings in Ferrovial were worth $226,672,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR lifted its holdings in shares of Ferrovial by 183.0% in the third 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 in the last quarter. Exane Asset Management increased its holdings in Ferrovial by 15,983.6% during the 3rd quarter. Exane Asset Management now owns 644,471 shares of the company’s stock worth $36,939,000 after acquiring an additional 640,464 shares during the period. Bank of Italy purchased a new stake in Ferrovial in the 3rd quarter worth approximately $126,229,000. Swiss National Bank boosted its holdings in Ferrovial by 13.9% in the 2nd quarter. Swiss National Bank now owns 1,549,642 shares of the company’s stock valued at $82,172,000 after purchasing an additional 188,879 shares during the period. Finally, Triasima Portfolio Management inc. grew its position in shares of Ferrovial by 178.9% during the 3rd quarter. Triasima Portfolio Management inc. now owns 121,550 shares of the company’s stock valued at $7,123,000 after purchasing an additional 77,965 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, February 19th. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Citigroup reiterated a “buy” rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial Stock Up 2.0%

FER stock opened at $74.07 on Friday. The firm’s fifty day moving average is $68.67 and its 200 day moving average is $63.41. Ferrovial SE has a 52 week low of $40.46 and a 52 week 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.