Groupe la Francaise Takes Position in Ferrovial SE $FER

Key Points

• Groupe la Francaise has acquired a new position in Ferrovial SE, purchasing 150,200 shares valued at approximately $6.82 million in the first quarter.
• Multiple institutional investors have adjusted their stakes in Ferrovial, with 22.28% of the company's stock now owned by institutional shareholders.
• Analysts have varied ratings for Ferrovial's stock, with an average rating of "Hold", following adjustments from firms like BNP Paribas and Morgan Stanley.

Groupe la Francaise bought a new stake in Ferrovial SE (NASDAQ:FER - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 150,200 shares of the company's stock, valued at approximately $6,820,000.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Ferrovial during the fourth quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new position in Ferrovial during the first quarter worth approximately $150,000. Tower Research Capital LLC TRC acquired a new position in shares of Ferrovial in the fourth quarter valued at approximately $158,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ferrovial by 24.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock valued at $225,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Ferrovial in the fourth quarter valued at approximately $228,000. 22.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FER has been the subject of several recent analyst reports. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Finally, BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ferrovial presently has a consensus rating of "Hold".

Ferrovial Stock Up 0.8%

Ferrovial stock traded up $0.44 during mid-day trading on Thursday, reaching $55.00. The company's stock had a trading volume of 110,808 shares, compared to its average volume of 150,171. The firm's fifty day moving average price is $53.03 and its two-hundred day moving average price is $49.09. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $56.43.

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.