Royal London Asset Management Ltd. Purchases 9,458 Shares of Ferrovial SE (NASDAQ:FER)

Royal London Asset Management Ltd. grew its holdings in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,932 shares of the company's stock after acquiring an additional 9,458 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Ferrovial were worth $4,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Banco Santander S.A. bought a new position in Ferrovial in the fourth quarter valued at $310,316,000. JPMorgan Chase & Co. boosted its holdings in shares of Ferrovial by 40.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company's stock worth $197,517,000 after purchasing an additional 1,326,065 shares in the last quarter. Brookfield Corp ON bought a new position in shares of Ferrovial during the 3rd quarter valued at about $71,881,000. Luxor Capital Group LP raised its holdings in shares of Ferrovial by 203.8% during the 3rd quarter. Luxor Capital Group LP now owns 871,945 shares of the company's stock valued at $37,659,000 after buying an additional 584,963 shares in the last quarter. Finally, Partners Group Holding AG bought a new stake in Ferrovial in the 3rd quarter worth approximately $36,538,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Analyst Ratings Changes

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

Ferrovial Stock Performance

Ferrovial stock traded up $0.57 during mid-day trading on Thursday, hitting $45.34. The company's stock had a trading volume of 152,233 shares, compared to its average volume of 47,167. The business has a 50 day moving average price of $43.82 and a 200-day moving average price of $42.24. Ferrovial SE has a 12 month low of $36.24 and a 12 month high of $47.30.

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.