National Bank of Canada FI Has $10.29 Million Position in Ferrovial SE (NASDAQ:FER)

National Bank of Canada FI lifted its holdings in shares of Ferrovial SE (NASDAQ:FER) by 1,483.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,560 shares of the company’s stock after purchasing an additional 224,431 shares during the quarter. National Bank of Canada FI’s holdings in Ferrovial were worth $10,288,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Metis Global Partners LLC grew 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 buying an additional 1,390 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ferrovial by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock worth $12,484,000 after buying an additional 3,828 shares in the last quarter. Susquehanna International Securities Ltd. bought a new position in shares of Ferrovial during the second quarter worth about $228,000. Assenagon Asset Management S.A. grew its holdings in shares of Ferrovial by 27.0% during the third quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock worth $1,386,000 after buying an additional 6,834 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Ferrovial during the third quarter worth about $296,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Stock Performance

FER stock opened at $42.20 on Wednesday. The business has a 50 day moving average price of $40.66 and a two-hundred day moving average price of $40.76. Ferrovial SE has a twelve month low of $35.30 and a twelve month high of $48.29.

Ferrovial Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a $0.0366 dividend. The ex-dividend date is Monday, December 16th.

Analysts Set New Price Targets

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

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.