Swiss National Bank Sells 146,716 Shares of Ferrovial SE (NASDAQ:FER)

Swiss National Bank trimmed its position in shares of Ferrovial SE (NASDAQ:FER) by 9.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,417,425 shares of the company’s stock after selling 146,716 shares during the period. Swiss National Bank’s holdings in Ferrovial were worth $59,720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FER. Charles Schwab Investment Management Inc. increased its stake in Ferrovial by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company’s stock valued at $946,000 after acquiring an additional 738 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Ferrovial in the 4th quarter valued at $101,000. Crossmark Global Holdings Inc. increased its stake in shares of Ferrovial by 17.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 22,517 shares of the company’s stock valued at $947,000 after purchasing an additional 3,407 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Ferrovial by 51.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,419 shares of the company’s stock worth $438,000 after buying an additional 3,534 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ferrovial by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock worth $12,484,000 after buying an additional 3,828 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America raised Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd.

Ferrovial Stock Performance

Shares of Ferrovial stock opened at $43.39 on Friday. The company’s 50 day moving average price is $43.30 and its two-hundred day moving average price is $42.08. Ferrovial SE has a fifty-two week low of $36.24 and a fifty-two week high of $47.30.

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.