JPMorgan Chase & Co. Grows Stake in Ferrovial SE (NASDAQ:FER)

JPMorgan Chase & Co. lifted its position in shares of Ferrovial SE (NASDAQ:FER) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,681,317 shares of the company’s stock after buying an additional 108,102 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.63% of Ferrovial worth $196,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FER. SG Americas Securities LLC purchased a new stake in Ferrovial in the fourth quarter worth about $101,000. Optas LLC purchased a new stake in shares of Ferrovial in the 4th quarter worth approximately $228,000. Allspring Global Investments Holdings LLC boosted its stake 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 valued at $438,000 after purchasing an additional 3,534 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Ferrovial during the fourth quarter valued at approximately $466,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Ferrovial in the fourth quarter worth approximately $474,000. Institutional investors own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ferrovial Stock Performance

NASDAQ:FER opened at $44.92 on Tuesday. The company’s 50-day simple moving average is $44.04 and its 200-day simple moving average is $42.32. 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.