Ferrovial SE $FER Shares Purchased by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI increased its holdings in Ferrovial SE by 32.4%, owning 181,345 shares worth approximately $8.07 million after purchasing an additional 44,372 shares.
• Several analysts have issued new ratings on Ferrovial, with BNP Paribas upgrading it from "strong sell" to "hold," while two analysts have rated it as a buy and three as a hold, resulting in a consensus rating of "Hold."
• Ferrovial's stock is currently trading at $55.31, down 1.3%, with a one-year low of $37.93 and a high of $56.72.

Zurich Insurance Group Ltd FI increased its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 32.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,345 shares of the company's stock after purchasing an additional 44,372 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Ferrovial were worth $8,073,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FER. BNP Paribas Financial Markets purchased a new position in shares of Ferrovial in the 4th quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new stake in Ferrovial in the 1st quarter valued at about $150,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ferrovial by 24.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock valued at $225,000 after acquiring an additional 1,073 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ferrovial in the 4th quarter valued at about $228,000. Finally, Versant Capital Management Inc grew its stake in Ferrovial by 7,984.7% in the 1st quarter. Versant Capital Management Inc now owns 6,872 shares of the company's stock valued at $306,000 after acquiring an additional 6,787 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Trading Down 0.5%

Shares of FER traded down $0.29 during mid-day trading on Monday, reaching $57.29. 113,632 shares of the stock traded hands, compared to its average volume of 168,487. The stock has a fifty day simple moving average of $53.77 and a 200 day simple moving average of $50.05. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $57.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FER. BNP Paribas Exane raised shares of 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. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold".

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.