111 Capital Makes New Investment in Ferrovial SE $FER

Key Points

• 111 Capital has invested approximately $1.96 million in Ferrovial SE by acquiring 36,690 shares in Q2.
• Several institutional investors have increased their stakes in Ferrovial, with Hedge funds owning 22.28% of the company's stock.
• Wall Street analysts exhibit a mixed outlook on Ferrovial, with three analysts rating it as a Buy and others issuing a Hold rating, leading to an average rating of 'Moderate Buy'.

111 Capital purchased a new position in Ferrovial SE (NASDAQ:FER - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 36,690 shares of the company's stock, valued at approximately $1,957,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Ferrovial by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock worth $50,076,000 after buying an additional 14,821 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Ferrovial by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after buying an additional 1,059 shares during the last quarter. Zurich Insurance Group Ltd FI raised its holdings in shares of Ferrovial by 32.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 181,345 shares of the company's stock worth $8,073,000 after buying an additional 44,372 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Ferrovial in the fourth quarter worth $228,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Ferrovial by 9.5% in the first quarter. Allianz Asset Management GmbH now owns 367,803 shares of the company's stock worth $16,361,000 after buying an additional 32,023 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FER. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Ferrovial in a report on Saturday, September 27th. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Three 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, Ferrovial presently has an average rating of "Moderate Buy".

Ferrovial Stock Performance

FER stock opened at $59.80 on Friday. The firm's fifty day moving average is $55.27 and its 200 day moving average is $51.41. Ferrovial SE has a one year low of $37.93 and a one year high of $59.99.

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.

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