Ferrovial SE $FER Stake Cut by 1832 Asset Management L.P.

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. reduced its position in Ferrovial SE (NASDAQ:FER - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986,483 shares of the company's stock after selling 52,320 shares during the period. 1832 Asset Management L.P. owned approximately 0.13% of Ferrovial worth $44,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in Ferrovial during the 4th quarter worth approximately $25,000. Wellington Management Group LLP increased its holdings in Ferrovial by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock worth $1,420,000 after purchasing an additional 813 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Ferrovial by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock valued at $1,339,000 after acquiring an additional 1,059 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 1,073 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Ferrovial by 14.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company's stock valued at $386,000 after acquiring an additional 1,076 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Trading Down 0.1%

Shares of NASDAQ:FER traded down $0.06 during midday trading on Wednesday, reaching $54.56. The company had a trading volume of 213,705 shares, compared to its average volume of 150,267. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43. The company has a fifty day simple moving average of $52.95 and a two-hundred day simple moving average of $49.05.

Analyst Ratings Changes

A number of brokerages recently commented on FER. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Two equities research 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, the stock has an average rating of "Hold".

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.