Zurich Insurance Group Ltd FI Boosts Stake in Ferrovial SE $FER

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 grew its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FER. Amundi grew its position in shares of Ferrovial by 43.9% in the first 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 acquired a new stake in shares of Ferrovial in the first quarter valued at about $152,224,000. Nuveen LLC acquired a new stake in shares of Ferrovial in the first quarter valued at about $65,565,000. Credit Agricole S A grew its position in shares of Ferrovial by 45.2% in the first 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. grew its position in shares of Ferrovial by 2.4% in the first 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. Institutional investors and hedge funds own 22.28% of the company's stock.

Ferrovial Price Performance

FER stock traded up $0.29 during trading on Friday, reaching $57.57. 398,659 shares of the stock were exchanged, compared to its average volume of 392,564. The business has a 50 day moving average price of $53.77 and a 200-day moving average price of $50.01. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $57.72.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" 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 lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ferrovial 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.