FER

Key Takeaways

At $69 (as of June 27, 2026), the price pays about 16x company-wide operating income, which solves to only about 0.8% annual operating-profit growth over five years. The market is not paying for a growth ramp; it is paying for the durability of the toll-road cash flows. The valuation methods split hard. Only the growth-DCF reaches the price near $74 to $76; the asset, earnings-power, and peer-multiple methods sit far below it. That gap is the moat premium the static frames cannot price. Q1 202

Institutional ownership

298 institutional managers reported holding FER in 13F filings for the quarter ended 2026-03-31. Together they hold about 27% of the company; the top 10 hold 16%. 58 opened new positions that quarter. Held by Vanguard Group, TCI Fund Management, FMR (Fidelity), among others. On the short side, 3.9M shares were sold short as of the 2026-06-15 count, about 0.5% of shares outstanding (2.1 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

It pays a dividend, and has paid one every year in our records (4 and counting). Cash returned over the past three years: $458.70M in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Compare FER

AGX vs FERBLD vs FERDY vs FEREME vs FERFER vs FIXFER vs IESC