Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in Ferrovial SE (NASDAQ:FER)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Ferrovial SE (NASDAQ:FER) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 277,675 shares of the company’s stock after selling 12,265 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ferrovial were worth $11,674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Banco Santander S.A. bought a new stake in Ferrovial during the 4th quarter valued at $310,316,000. JPMorgan Chase & Co. increased its position in shares of Ferrovial by 40.8% in 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 during the period. Brookfield Corp ON purchased a new position in shares of Ferrovial in the third quarter valued at about $71,881,000. Swiss National Bank raised its stake in shares of Ferrovial by 1.0% during the third quarter. Swiss National Bank now owns 1,564,141 shares of the company’s stock valued at $67,411,000 after acquiring an additional 16,123 shares during the last quarter. Finally, Luxor Capital Group LP boosted its holdings in shares of Ferrovial by 203.8% during the third 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 during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Analyst Ratings Changes

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

Ferrovial Trading Up 0.2 %

NASDAQ:FER opened at $42.96 on Thursday. The firm’s fifty day simple moving average is $43.24 and its 200 day simple moving average is $42.05. Ferrovial SE has a twelve month low of $36.24 and a twelve month high of $47.30.

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.