Allianz Asset Management GmbH Increases Stake in Ferrovial SE $FER

Key Points

• Allianz Asset Management GmbH increased its stake in Ferrovial SE by 39.5%, owning 513,106 shares valued at approximately $27.3 million at the end of the second quarter.
• A variety of hedge funds are actively adjusting their positions in Ferrovial SE, with notable increases in holdings from firms such as Royal Bank of Canada and Oppenheimer Asset Management.
• Ferrovial's stock currently has a Moderate Buy rating from analysts, with updates from firms like BNP Paribas and Morgan Stanley highlighting a shift in outlook for the company.

Allianz Asset Management GmbH grew its position in Ferrovial SE (NASDAQ:FER - Free Report) by 39.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,106 shares of the company's stock after acquiring an additional 145,303 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of Ferrovial worth $27,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings 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. Ausbil Investment Management Ltd grew its holdings in shares of Ferrovial by 0.5% in the second quarter. Ausbil Investment Management Ltd now owns 115,791 shares of the company's stock worth $6,152,000 after purchasing an additional 620 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings 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. Townsquare Capital LLC grew its holdings 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. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Ferrovial by 6.2% in the first quarter. Crossmark Global Holdings Inc. now owns 23,907 shares of the company's stock worth $1,071,000 after purchasing an additional 1,390 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FER. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Weiss Ratings restated a "buy (b+)" rating on shares of Ferrovial in a report on Wednesday, October 8th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Ferrovial Price Performance

FER stock opened at $63.46 on Friday. The firm has a 50-day simple moving average of $57.13 and a two-hundred day simple moving average of $52.58. Ferrovial SE has a one year low of $37.93 and a one year high of $63.91.

Ferrovial Company 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.

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