Miller Howard Investments Inc. NY Sells 15,887 Shares of Ferrovial SE $FER

Miller Howard Investments Inc. NY trimmed its stake in Ferrovial SE (NASDAQ:FER) by 21.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,769 shares of the company’s stock after selling 15,887 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Ferrovial were worth $3,234,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FER. Groupe la Francaise raised its stake in Ferrovial by 640.9% in the 2nd quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock valued at $29,986,000 after acquiring an additional 377,714 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Ferrovial in the 2nd quarter valued at $4,915,000. Cooper Investors PTY Ltd. grew its holdings in Ferrovial by 23.7% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock valued at $8,862,000 after buying an additional 24,783 shares in the last quarter. Cloverfields Capital Group LP acquired a new position in Ferrovial in the 1st quarter valued at $1,547,000. Finally, NEOS Investment Management LLC increased its position in Ferrovial by 10.3% during the 2nd quarter. NEOS Investment Management LLC now owns 430,508 shares of the company’s stock worth $29,537,000 after buying an additional 40,329 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Trading Up 1.4%

Shares of NASDAQ FER opened at $50.35 on Tuesday. The stock’s fifty day moving average is $55.53 and its 200 day moving average is $64.60. Ferrovial SE has a 52 week low of $48.00 and a 52 week high of $74.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Analyst Ratings Changes

A number of research firms have recently weighed in on FER. Mediobanca raised Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of Ferrovial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Kepler Capital Markets downgraded shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ferrovial in a research report on Tuesday, October 6th. Finally, Bank of America reaffirmed a “buy” rating on shares of Ferrovial in a research report on Monday, September 14th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ferrovial presently has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.