Banco Santander S.A. Buys Shares of 7,383,202 Ferrovial SE (NASDAQ:FER)

Banco Santander S.A. bought a new stake in Ferrovial SE (NASDAQ:FER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,383,202 shares of the company's stock, valued at approximately $310,316,000. Ferrovial accounts for about 3.7% of Banco Santander S.A.'s portfolio, making the stock its 3rd largest holding. Banco Santander S.A. owned 1.00% of Ferrovial as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Brookfield Corp ON bought a new stake in Ferrovial in the 3rd quarter valued at about $71,881,000. JPMorgan Chase & Co. boosted its position in shares of Ferrovial by 40.8% during the third quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company's stock worth $197,517,000 after buying an additional 1,326,065 shares during the period. Partners Group Holding AG bought a new position in Ferrovial in the 3rd quarter worth approximately $36,538,000. Luxor Capital Group LP boosted its position in Ferrovial by 203.8% during the 3rd quarter. Luxor Capital Group LP now owns 871,945 shares of the company's stock worth $37,659,000 after acquiring an additional 584,963 shares during the period. Finally, Exane Asset Management bought a new stake in shares of Ferrovial during the fourth quarter valued at about $14,359,000. 22.28% of the stock is owned by institutional investors.

Ferrovial Stock Performance

FER traded up $0.09 on Wednesday, reaching $42.96. 71,392 shares of the company traded hands, compared to its average volume of 43,758. The stock's 50 day moving average price is $43.23 and its 200-day moving average price is $42.04. Ferrovial SE has a 52-week low of $36.24 and a 52-week high of $47.30.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on FER shares. Bank of America raised shares of Ferrovial from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upgraded Ferrovial to a "hold" rating in a research report on Tuesday, November 12th.

Ferrovial 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.