Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,675 shares of the company's stock after selling 12,265 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Ferrovial were worth $11,674,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of FER. Banco Santander S.A. purchased a new position in shares of Ferrovial in the 4th quarter valued at about $310,316,000. Brookfield Corp ON purchased a new position in shares of Ferrovial in the 3rd quarter valued at about $71,881,000. JPMorgan Chase & Co. increased its stake 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 valued at $197,517,000 after purchasing an additional 1,326,065 shares in the last quarter. Partners Group Holding AG purchased a new position in shares of Ferrovial in the 3rd quarter valued at about $36,538,000. Finally, Luxor Capital Group LP increased its stake in shares of Ferrovial by 203.8% in the 3rd quarter. Luxor Capital Group LP now owns 871,945 shares of the company's stock valued at $37,659,000 after purchasing an additional 584,963 shares in the last quarter. Hedge funds and other institutional investors 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 research note on Tuesday, December 3rd.
View Our Latest Analysis on FER
Ferrovial Price Performance
Shares of FER stock traded up $0.18 during trading hours on Friday, reaching $43.39. The company had a trading volume of 74,156 shares, compared to its average volume of 44,046. The stock has a fifty day moving average of $43.30 and a 200-day moving average of $42.08. Ferrovial SE has a 12-month low of $36.24 and a 12-month high of $47.30.
About Ferrovial
(
Free Report)
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.
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