Ferrovial SE $FER Shares Acquired by Hsbc Holdings PLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Hsbc Holdings PLC boosted its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,913,875 shares of the company's stock after purchasing an additional 196,985 shares during the period. Ferrovial makes up approximately 0.7% of Hsbc Holdings PLC's portfolio, making the stock its 19th biggest holding. Hsbc Holdings PLC owned approximately 3.36% of Ferrovial worth $1,107,414,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Ferrovial during the fourth quarter worth approximately $25,000. Wellington Management Group LLP raised its stake in Ferrovial by 2.5% during the fourth 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 period. Assenagon Asset Management S.A. raised its stake in Ferrovial by 3.6% during the first 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ferrovial by 24.6% during the fourth 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 during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Ferrovial by 14.3% during 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 period. Hedge funds and other institutional investors own 22.28% of the company's stock.

Wall Street Analysts Forecast Growth

FER has been the topic of a number of recent analyst reports. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Ferrovial Stock Performance

Shares of FER stock traded up $0.95 during mid-day trading on Friday, reaching $55.97. The company's stock had a trading volume of 369,465 shares, compared to its average volume of 336,405. The company's 50 day simple moving average is $52.81 and its 200-day simple moving average is $48.92. Ferrovial SE has a 12-month low of $37.93 and a 12-month 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.