Hsbc Holdings PLC Raises Holdings in Ferrovial SE $FER

Key Points

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Hsbc Holdings PLC increased its position in Ferrovial SE (NASDAQ:FER - Free Report) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,913,875 shares of the company's stock after acquiring an additional 196,985 shares during the period. Ferrovial comprises approximately 0.7% of Hsbc Holdings PLC's holdings, making the stock its 19th largest position. Hsbc Holdings PLC owned approximately 3.36% of Ferrovial worth $1,107,414,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FER. BNP Paribas Financial Markets purchased a new stake in Ferrovial in the 4th quarter worth approximately $25,000. Banque Cantonale Vaudoise bought a new position in Ferrovial in the 1st quarter worth approximately $150,000. Tower Research Capital LLC TRC bought a new position in shares of Ferrovial during the 4th quarter valued at approximately $158,000. Jane Street Group LLC bought a new position in shares of Ferrovial during the 4th quarter valued at approximately $228,000. Finally, 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 valued at $225,000 after acquiring an additional 1,073 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Stock Up 1.7%

NASDAQ FER traded up $0.95 during mid-day trading on Friday, hitting $55.97. The stock had a trading volume of 369,465 shares, compared to its average volume of 147,349. Ferrovial SE has a twelve month low of $37.93 and a twelve month high of $56.43. The firm's 50 day moving average is $52.81 and its 200 day moving average is $48.84.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FER. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Finally, Wall Street Zen lowered Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ferrovial currently has a consensus rating of "Hold".

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.