Banco Santander S.A. Has $226.67 Million Holdings in Ferrovial SE $FER

Banco Santander S.A. cut its stake in shares of Ferrovial SE (NASDAQ:FER) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,868,128 shares of the company’s stock after selling 373,581 shares during the period. Ferrovial comprises approximately 2.0% of Banco Santander S.A.’s investment portfolio, making the stock its 7th largest holding. Banco Santander S.A. owned 0.52% of Ferrovial worth $226,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Ferrovial in the 3rd quarter worth about $66,000. Credit Industriel ET Commercial purchased a new stake in Ferrovial in the 3rd quarter valued at about $72,000. AlphaCore Capital LLC bought a new position in shares of Ferrovial during the 2nd quarter worth approximately $83,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Ferrovial by 9,326.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock worth $96,000 after buying an additional 1,772 shares during the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on FER. Weiss Ratings lowered Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Finally, Citigroup restated a “buy” rating and set a $75.30 price objective (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ferrovial has an average rating of “Moderate Buy” and a consensus target price of $75.30.

Ferrovial Trading Up 2.0%

Shares of NASDAQ:FER opened at $74.07 on Friday. Ferrovial SE has a twelve month low of $40.46 and a twelve month high of $74.79. The company has a 50-day moving average price of $68.67 and a two-hundred day moving average price of $63.41.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.