Bank of New York Mellon Corp Sells 72,199 Shares of Ferrovial SE (NASDAQ:FER)

Bank of New York Mellon Corp lessened its position in shares of Ferrovial SE (NASDAQ:FER) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,099,959 shares of the company’s stock after selling 72,199 shares during the period. Bank of New York Mellon Corp owned approximately 0.15% of Ferrovial worth $46,231,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FER. Metis Global Partners LLC boosted its holdings in shares of Ferrovial by 2.1% during the third quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock worth $2,902,000 after acquiring an additional 1,390 shares during the period. Natixis Advisors LLC bought a new stake in shares of Ferrovial during the third quarter worth approximately $447,000. Swiss National Bank boosted its stake in shares of Ferrovial by 1.0% in the third quarter. Swiss National Bank now owns 1,564,141 shares of the company’s stock valued at $67,411,000 after buying an additional 16,123 shares during the period. Jennison Associates LLC boosted its stake in shares of Ferrovial by 25.8% in the third quarter. Jennison Associates LLC now owns 244,995 shares of the company’s stock valued at $10,525,000 after buying an additional 50,297 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Ferrovial in the third quarter valued at approximately $940,000. Institutional investors own 22.28% of the company’s stock.

Analyst Ratings Changes

FER has been the subject of several recent research reports. Bank of America upgraded Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upgraded Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

Ferrovial Trading Up 3.8 %

Shares of FER stock opened at $46.22 on Thursday. Ferrovial SE has a 1 year low of $35.30 and a 1 year high of $48.29. The stock has a 50 day simple moving average of $43.14 and a 200 day simple moving average of $41.97.

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.