Banco Santander S.A. Invests $310.32 Million in Ferrovial SE (NASDAQ:FER)

Banco Santander S.A. acquired a new stake in Ferrovial SE (NASDAQ:FER) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,383,202 shares of the company’s stock, valued at approximately $310,316,000. Ferrovial makes up about 3.7% of Banco Santander S.A.’s holdings, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FER. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ferrovial in the fourth quarter valued at approximately $474,000. Raymond James Financial Inc. acquired a new stake in shares of Ferrovial during the 4th quarter valued at $466,000. Charles Schwab Investment Management Inc. grew its position in Ferrovial by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company’s stock worth $946,000 after acquiring an additional 738 shares during the last quarter. Vontobel Holding Ltd. grew its position in Ferrovial by 37.9% during the 4th quarter. Vontobel Holding Ltd. now owns 61,132 shares of the company’s stock worth $2,569,000 after acquiring an additional 16,814 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Ferrovial by 51.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,419 shares of the company’s stock worth $438,000 after purchasing an additional 3,534 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FER. Bank of America raised Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, November 12th.

Ferrovial Stock Performance

NASDAQ FER opened at $44.07 on Friday. Ferrovial SE has a twelve month low of $35.30 and a twelve month high of $48.29. The stock has a fifty day simple moving average of $43.20 and a 200 day simple moving average of $42.00.

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.