1832 Asset Management L.P. Sells 52,320 Shares of Ferrovial SE $FER

Key Points

• 1832 Asset Management L.P. reduced its holdings in Ferrovial SE by 5.0%, now owning approximately 0.13% of the company, worth $44.3 million.
• Other hedge funds, including Bank of America and Credit Agricole, have increased their positions significantly, reflecting mixed institutional sentiment towards Ferrovial.
• Ferrovial's stock currently has an average analyst rating of "Hold," with two analysts giving it a Buy rating and three a Hold rating.

1832 Asset Management L.P. decreased its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 5.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 986,483 shares of the company's stock after selling 52,320 shares during the period. 1832 Asset Management L.P. owned 0.13% of Ferrovial worth $44,313,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Ferrovial during the 4th quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new position in shares of Ferrovial during the 1st quarter valued at about $150,000. Tower Research Capital LLC TRC acquired a new stake in Ferrovial in the 4th quarter valued at approximately $158,000. Jane Street Group LLC acquired a new stake in Ferrovial in the 4th quarter valued at approximately $228,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ferrovial by 24.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock valued at $225,000 after buying an additional 1,073 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company's stock.

Analyst Ratings Changes

FER has been the subject of a number of research reports. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Ferrovial presently has a consensus rating of "Hold".

Ferrovial Trading Up 0.8%

FER stock traded up $0.46 during midday trading on Thursday, reaching $55.02. 105,096 shares of the company's stock traded hands, compared to its average volume of 150,128. The company has a 50-day simple moving average of $53.03 and a two-hundred day simple moving average of $49.09. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43.

Ferrovial Profile

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.