Allspring Global Investments Holdings LLC Has $438,000 Position in Ferrovial SE (NASDAQ:FER)

Allspring Global Investments Holdings LLC increased its position in Ferrovial SE (NASDAQ:FER) by 51.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,419 shares of the company’s stock after buying an additional 3,534 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ferrovial were worth $438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Ferrovial during the fourth quarter valued at approximately $101,000. Optas LLC acquired a new position in Ferrovial during the fourth quarter valued at approximately $228,000. Natixis Advisors LLC acquired a new position in Ferrovial during the third quarter valued at approximately $447,000. United Services Automobile Association acquired a new position in Ferrovial during the third quarter valued at approximately $743,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Ferrovial during the third quarter valued at approximately $940,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analysts Set New Price Targets

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

Ferrovial Stock Performance

Shares of Ferrovial stock opened at $43.85 on Tuesday. The company’s fifty day simple moving average is $42.78 and its 200-day simple moving average is $41.70. Ferrovial SE has a 1 year low of $35.30 and a 1 year high of $48.29.

Ferrovial Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.0366 dividend. The ex-dividend date of this dividend was Monday, December 16th.

Ferrovial 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.