UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Lowers Stock Holdings in Ferrovial SE $FER

Key Points

• UBS AM sold 655,754 shares of Ferrovial SE, reducing its holdings by 36.1% to a total of 1,160,727 shares worth approximately $52.14 million.
• Other institutional investors, including HSBC and Amundi, increased their stakes in Ferrovial during the same quarter, indicating continued interest in the stock.
• Ferrovial's stock recently traded at $57.57, with analysts giving it an average rating of "Hold", reflecting mixed sentiments within the market.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,160,727 shares of the company's stock after selling 655,754 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.16% of Ferrovial worth $52,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI grew its stake in Ferrovial by 32.4% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 181,345 shares of the company's stock worth $8,073,000 after buying an additional 44,372 shares during the last quarter. USS Investment Management Ltd grew its stake in Ferrovial by 1.5% during the 1st quarter. USS Investment Management Ltd now owns 111,036 shares of the company's stock worth $4,949,000 after buying an additional 1,663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company's stock worth $2,204,000 after buying an additional 47,892 shares during the last quarter. Hancock Whitney Corp grew its stake in Ferrovial by 14.9% during the 1st quarter. Hancock Whitney Corp now owns 14,104 shares of the company's stock worth $634,000 after buying an additional 1,825 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its stake in Ferrovial by 8.3% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 29,442 shares of the company's stock worth $1,311,000 after buying an additional 2,260 shares during the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FER. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Finally, BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Ferrovial Stock Down 0.9%

Ferrovial stock traded down $0.54 during midday trading on Friday, hitting $57.65. 681,137 shares of the company were exchanged, compared to its average volume of 373,988. Ferrovial SE has a fifty-two week low of $37.93 and a fifty-two week high of $58.40. The business has a fifty day simple moving average of $54.29 and a two-hundred day simple moving average of $50.43.

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.