Ferrovial SE $FER Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Ferrovial SE by 43.7% during the first quarter, owning 48,530 shares worth approximately $2.16 million.
• Other institutional investors also showed strong interest, with Korea Investment CORP raising its holdings by 35.2% and entering multiple new positions worth over $152 million.
• Analyst ratings for Ferrovial are mixed, with a consensus rating of "Hold", but a couple of analysts have maintained a "Buy" rating due to positive outlooks.

Wellington Management Group LLP lifted its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 43.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,530 shares of the company's stock after buying an additional 14,756 shares during the quarter. Wellington Management Group LLP's holdings in Ferrovial were worth $2,159,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of 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 worth $50,076,000 after buying an additional 14,821 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 worth $1,339,000 after buying an additional 1,059 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $225,000 after buying an additional 1,073 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Ferrovial in the 4th quarter worth about $228,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Ferrovial by 9.5% in the 1st quarter. Allianz Asset Management GmbH now owns 367,803 shares of the company's stock worth $16,361,000 after buying an additional 32,023 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Ferrovial Stock Up 1.9%

Ferrovial stock traded up $1.04 during trading hours on Thursday, hitting $54.85. 241,819 shares of the company traded hands, compared to its average volume of 154,264. The firm's 50-day simple moving average is $53.34 and its two-hundred day simple moving average is $49.43. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43.

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.