Ferrovial SE $FER is Ausbil Investment Management Ltd’s 7th Largest Position

Ausbil Investment Management Ltd cut its holdings in shares of Ferrovial SE (NASDAQ:FER) by 16.0% in the fourth quarter, HoldingsChannel reports. The firm owned 97,274 shares of the company’s stock after selling 18,517 shares during the period. Ferrovial accounts for about 3.6% of Ausbil Investment Management Ltd’s holdings, making the stock its 7th biggest holding. Ausbil Investment Management Ltd’s holdings in Ferrovial were worth $6,322,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FER. Generali Asset Management SPA SGR boosted its holdings in Ferrovial by 183.0% during 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% in the third quarter. Exane Asset Management now owns 644,471 shares of the company’s stock valued at $36,939,000 after buying an additional 640,464 shares in the last quarter. Bank of Italy acquired a new position in shares of Ferrovial in the third quarter worth about $126,229,000. Korea Investment CORP boosted its stake in shares of Ferrovial by 34.3% during the 3rd quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock worth $18,197,000 after acquiring an additional 81,016 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Ferrovial by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock worth $31,540,000 after acquiring an additional 41,783 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Trading Down 1.3%

Shares of NASDAQ FER opened at $62.89 on Friday. The company’s 50-day simple moving average is $68.57 and its 200-day simple moving average is $64.96. Ferrovial SE has a 52-week low of $40.46 and a 52-week high of $74.79.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FER shares. Citigroup restated a “buy” rating and issued a $75.30 price target (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Weiss Ratings lowered Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and upped their target price for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrovial has an average rating of “Hold” and an average target price of $73.12.

About Ferrovial

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.