TD Asset Management Inc Buys 10,579 Shares of Ferrovial SE $FER

Key Points

• TD Asset Management Inc increased its stake in Ferrovial SE by 6.8%, acquiring an additional 10,579 shares to hold a total of 166,215 shares valued at $8.83 million.
• Other institutional investors have also shown significant interest, with Amundi raising its stake by 43.9% and Vanguard increasing its holdings by 2.4% in the first quarter.
• Analysts have varied opinions on Ferrovial stock, with ratings ranging from buy to hold, highlighting an average rating of "Moderate Buy."

TD Asset Management Inc lifted its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 166,215 shares of the company's stock after purchasing an additional 10,579 shares during the quarter. TD Asset Management Inc's holdings in Ferrovial were worth $8,831,000 as of its most recent SEC filing.

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

Ferrovial Trading Up 0.6%

FER opened at $63.46 on Monday. The stock has a 50-day moving average price of $57.13 and a 200-day moving average price of $52.63. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $63.91.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FER shares. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Ferrovial in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

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.

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