Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Holdings in Ferrovial SE (NASDAQ:FER)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Ferrovial in the 4th quarter worth $101,000. Optas LLC purchased a new position in Ferrovial in the fourth quarter worth $228,000. Natixis Advisors LLC bought a new position in Ferrovial in the third quarter valued at $447,000. Allspring Global Investments Holdings LLC raised its position in 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. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Ferrovial during the fourth quarter worth about $474,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Stock Up 0.2 %

Shares of Ferrovial stock opened at $42.96 on Thursday. Ferrovial SE has a 52-week low of $36.24 and a 52-week high of $47.30. The company has a fifty day moving average of $43.24 and a 200-day moving average of $42.05.

Analyst Ratings Changes

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

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.