Royal London Asset Management Ltd. Grows Stake in Ferrovial SE (NASDAQ:FER)

Royal London Asset Management Ltd. grew its holdings in shares of Ferrovial SE (NASDAQ:FER) by 9.8% in the 4th 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 purchasing an additional 9,458 shares during the period. Royal London Asset Management Ltd.’s holdings in Ferrovial were worth $4,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FER. Banco Santander S.A. acquired a new position in Ferrovial during the 4th quarter valued at about $310,316,000. JPMorgan Chase & Co. increased its holdings in shares of Ferrovial by 40.8% during the third quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company’s stock valued at $197,517,000 after acquiring an additional 1,326,065 shares in the last quarter. Brookfield Corp ON purchased a new position in shares of Ferrovial in the 3rd quarter valued at approximately $71,881,000. Luxor Capital Group LP boosted its stake in Ferrovial by 203.8% in the 3rd quarter. Luxor Capital Group LP now owns 871,945 shares of the company’s stock worth $37,659,000 after purchasing an additional 584,963 shares in the last quarter. Finally, Partners Group Holding AG purchased a new stake in Ferrovial during the 3rd quarter worth approximately $36,538,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of FER stock opened at $44.73 on Monday. Ferrovial SE has a fifty-two week low of $36.24 and a fifty-two week high of $47.30. The stock’s 50-day simple moving average is $43.57 and its 200-day simple moving average is $42.18.

Wall Street Analyst Weigh In

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

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.