Triasima Portfolio Management inc. Makes New Investment in Ferrovial SE $FER

Triasima Portfolio Management inc. bought a new position in shares of Ferrovial SE (NASDAQ:FER) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 43,585 shares of the company’s stock, valued at approximately $2,335,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in shares of Ferrovial during the first quarter worth $150,000. Townsquare Capital LLC grew its stake in shares of Ferrovial by 23.5% in the first quarter. Townsquare Capital LLC now owns 6,872 shares of the company’s stock worth $309,000 after purchasing an additional 1,306 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Ferrovial by 14.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company’s stock worth $386,000 after purchasing an additional 1,076 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after purchasing an additional 246 shares during the last quarter. Finally, Groupama Asset Managment bought a new stake in shares of Ferrovial in the first quarter worth $566,000. Institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

FER has been the topic of several analyst reports. BNP Paribas raised shares of Ferrovial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 24th. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research note on Wednesday, June 25th. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a research note on Saturday, September 27th. Wall Street Zen cut shares of Ferrovial from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, BNP Paribas Exane raised shares of Ferrovial from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Ferrovial Stock Up 0.2%

Shares of FER opened at $60.36 on Wednesday. The firm’s fifty day simple moving average is $55.59 and its two-hundred day simple moving average is $51.67. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $60.47.

About Ferrovial

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.