Ferrovial SE $FER Stake Lessened by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its holdings in Ferrovial SE (NASDAQ:FER) by 3.9% in the second quarter, Holdings Channel.com reports. The firm owned 598,035 shares of the company’s stock after selling 24,332 shares during the period. Ferrovial comprises approximately 0.7% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 26th largest position. Maryland State Retirement & Pension System’s holdings in Ferrovial were worth $31,898,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FER. Banque Cantonale Vaudoise purchased a new stake in shares of Ferrovial during the first quarter worth $150,000. Townsquare Capital LLC raised its holdings in shares of Ferrovial by 23.5% during the first quarter. Townsquare Capital LLC now owns 6,872 shares of the company’s stock worth $309,000 after acquiring an additional 1,306 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Ferrovial by 14.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company’s stock worth $386,000 after acquiring an additional 1,076 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares in the last quarter. Finally, Groupama Asset Managment purchased a new stake in shares of Ferrovial during the first quarter worth $566,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FER shares. BNP Paribas upgraded Ferrovial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 24th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a report on Wednesday, June 25th. Wall Street Zen lowered Ferrovial from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday. Finally, BNP Paribas Exane raised shares of Ferrovial from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Ferrovial Price Performance

Ferrovial stock opened at $60.96 on Thursday. Ferrovial SE has a one year low of $37.93 and a one year high of $61.13. The company’s fifty day moving average price is $55.77 and its two-hundred day moving average price is $51.74.

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.