Norges Bank Purchases Shares of 10,486,746 Ferrovial SE (NASDAQ:FER)

Norges Bank acquired a new position in Ferrovial SE (NASDAQ:FER) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,486,746 shares of the company’s stock, valued at approximately $440,665,000. Norges Bank owned about 1.42% of Ferrovial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Ferrovial by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company’s stock worth $946,000 after purchasing an additional 738 shares during the period. SG Americas Securities LLC purchased a new position in shares of Ferrovial in the fourth quarter worth about $101,000. Crossmark Global Holdings Inc. lifted 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 acquiring an additional 3,407 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 acquiring an additional 3,534 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 acquiring an additional 3,828 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Down 0.1 %

Shares of NASDAQ:FER opened at $45.28 on Friday. The company has a 50-day moving average price of $43.98 and a 200-day moving average price of $42.29. Ferrovial SE has a 12 month low of $36.24 and a 12 month high of $47.30.

Wall Street Analyst Weigh In

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

Ferrovial 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.