Lansforsakringar Fondforvaltning AB publ Has $7.90 Million Holdings in Ferrovial SE $FER

Key Points

• Lansforsakringar Fondforvaltning AB increased its stock holdings in Ferrovial SE by 10.8% during the first quarter, now owning a total of 177,617 shares valued at approximately $7.9 million.
• Several large investors, including Bank of America, have also recently made significant investments in Ferrovial, with hedge funds owning 22.28% of the company's stock.
• Analysts have mixed ratings for Ferrovial, with two rating it as a Buy and three as a Hold, resulting in an average rating of "Hold."

Lansforsakringar Fondforvaltning AB publ lifted its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,617 shares of the company's stock after purchasing an additional 17,261 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Ferrovial were worth $7,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FER. Raymond James Financial Inc. bought a new position in shares of Ferrovial in the 4th quarter worth $466,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ferrovial in the 4th quarter valued at about $158,000. Jane Street Group LLC acquired a new stake in shares of Ferrovial in the 4th quarter valued at about $228,000. BNP Paribas Financial Markets acquired a new stake in shares of Ferrovial in the 4th quarter valued at about $25,000. Finally, Bank of America Corp DE raised its stake in shares of Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after purchasing an additional 3,657,704 shares during the period. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FER shares. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" 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. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Ferrovial Stock Performance

FER traded up $1.04 on Thursday, hitting $54.85. 260,759 shares of the company were exchanged, compared to its average volume of 154,351. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $56.43. The stock's fifty day moving average is $53.34 and its 200-day moving average is $49.43.

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.