Ferrovial SE $FER Shares Sold by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System reduced its stake in Ferrovial SE by 3.9%, now holding 598,035 shares, which represent about 0.7% of its portfolio.
• Several institutional investors, including Amundi and Credit Agricole, have increased their positions in Ferrovial, indicating strong interest; overall, 22.28% of the stock is owned by institutional investors.
• Analysts have mixed ratings on Ferrovial, with a consensus rating of "Moderate Buy" according to recent reports.

Maryland State Retirement & Pension System trimmed its position in Ferrovial SE (NASDAQ:FER - Free Report) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 598,035 shares of the company's stock after selling 24,332 shares during the period. Ferrovial makes up about 0.7% of Maryland State Retirement & Pension System's portfolio, making the stock its 26th largest holding. Maryland State Retirement & Pension System owned 0.08% of Ferrovial worth $31,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FER. Amundi lifted its position in Ferrovial by 43.9% in the first quarter. Amundi now owns 17,636,889 shares of the company's stock worth $808,475,000 after purchasing an additional 5,376,610 shares during the period. Maple Brown Abbott Ltd acquired a new stake in Ferrovial in the first quarter worth approximately $152,224,000. Nuveen LLC acquired a new stake in Ferrovial in the first quarter worth approximately $65,565,000. Credit Agricole S A lifted its position in Ferrovial by 45.2% in the first quarter. Credit Agricole S A now owns 3,951,264 shares of the company's stock worth $177,491,000 after purchasing an additional 1,229,993 shares during the period. Finally, Vanguard Group Inc. lifted its position in Ferrovial by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock worth $865,748,000 after purchasing an additional 452,211 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FER has been the subject of a number of research analyst reports. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Ferrovial in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Ferrovial Stock Performance

FER opened at $60.96 on Thursday. The stock has a fifty day moving average of $55.77 and a 200-day moving average of $51.74. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $61.13.

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.

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