Allianz SE Takes $3.07 Million Position in Ferrovial SE (NASDAQ:FER)

Allianz SE bought a new stake in Ferrovial SE (NASDAQ:FER) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 72,685 shares of the company’s stock, valued at approximately $3,068,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Ferrovial in the 4th quarter valued at about $440,665,000. Banco Santander S.A. bought a new position in Ferrovial during the fourth quarter worth about $310,316,000. JPMorgan Chase & Co. increased its position in Ferrovial by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,681,317 shares of the company’s stock worth $196,756,000 after buying an additional 108,102 shares during the last quarter. Brookfield Corp ON bought a new stake in Ferrovial in the third quarter valued at approximately $71,881,000. Finally, Luxor Capital Group LP lifted its position in shares of Ferrovial by 203.8% in the third quarter. Luxor Capital Group LP now owns 871,945 shares of the company’s stock valued at $37,659,000 after buying an additional 584,963 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ferrovial Stock Down 0.1 %

Shares of FER stock opened at $45.28 on Friday. Ferrovial SE has a 52 week low of $36.24 and a 52 week high of $47.30. The company has a 50-day simple moving average of $43.98 and a 200 day simple moving average of $42.29.

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.