Maryland State Retirement & Pension System Purchases 24,268 Shares of Ferrovial SE (NASDAQ:FER)

Maryland State Retirement & Pension System lifted its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 645,339 shares of the company's stock after acquiring an additional 24,268 shares during the quarter. Maryland State Retirement & Pension System owned approximately 0.09% of Ferrovial worth $27,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FER. SG Americas Securities LLC bought a new position in Ferrovial during the fourth quarter worth about $101,000. Optas LLC bought a new position in Ferrovial during the fourth quarter worth about $228,000. Allspring Global Investments Holdings LLC grew its holdings in Ferrovial by 51.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,419 shares of the company's stock worth $438,000 after purchasing an additional 3,534 shares during the period. Natixis Advisors LLC bought a new position in Ferrovial during the third quarter worth about $447,000. Finally, Raymond James Financial Inc. bought a new position in Ferrovial during the fourth quarter worth about $466,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Analysts Set New Price Targets

Separately, Bank of America upgraded Ferrovial from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd.

Ferrovial Trading Down 0.5 %

Shares of NASDAQ:FER traded down $0.22 during trading on Friday, reaching $44.73. 135,673 shares of the stock were exchanged, compared to its average volume of 45,866. Ferrovial SE has a 12 month low of $36.24 and a 12 month high of $47.30. The stock has a 50-day moving average price of $43.57 and a 200-day moving average price of $42.18.

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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.