Credit Agricole S A Grows Holdings in Ferrovial SE $FER

Key Points

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Credit Agricole S A raised its position in Ferrovial SE (NASDAQ:FER - Free Report) by 45.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,951,264 shares of the company's stock after buying an additional 1,229,993 shares during the quarter. Ferrovial comprises about 0.6% of Credit Agricole S A's holdings, making the stock its 26th largest position. Credit Agricole S A owned approximately 0.53% of Ferrovial worth $177,491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Ferrovial by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock valued at $50,076,000 after buying an additional 14,821 shares during the period. Townsquare Capital LLC acquired a new position in Ferrovial in the 4th quarter valued at $234,000. Assenagon Asset Management S.A. boosted its position in shares of Ferrovial by 3.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after purchasing an additional 1,059 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ferrovial by 24.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Ferrovial during the 4th quarter worth $228,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on FER shares. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Ferrovial has a consensus rating of "Hold".

Ferrovial Price Performance

Shares of Ferrovial stock traded up $0.95 on Friday, hitting $55.97. The company's stock had a trading volume of 369,465 shares, compared to its average volume of 336,405. Ferrovial SE has a 52-week low of $37.93 and a 52-week high of $56.43. The firm has a fifty day moving average price of $52.81 and a 200-day moving average price of $48.92.

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.