Pictet Asset Management Holding SA Sells 5,212 Shares of Ferrovial SE (NASDAQ:FER)

Pictet Asset Management Holding SA decreased its holdings in shares of Ferrovial SE (NASDAQ:FER) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,121 shares of the company’s stock after selling 5,212 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ferrovial were worth $23,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Ferrovial during the 4th quarter worth about $101,000. Optas LLC acquired a new stake in Ferrovial during the fourth quarter worth approximately $228,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 acquiring an additional 3,534 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ferrovial in the fourth quarter valued at approximately $474,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Ferrovial in the fourth quarter valued at approximately $466,000. 22.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ferrovial Stock Down 0.8 %

NASDAQ:FER opened at $44.92 on Tuesday. Ferrovial SE has a 52 week low of $36.24 and a 52 week high of $47.30. The firm’s 50-day simple moving average is $44.04 and its 200 day simple moving average is $42.32.

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.