Generali Asset Management SPA SGR Invests $909,000 in Ferrovial SE (NASDAQ:FER)

Generali Asset Management SPA SGR bought a new stake in Ferrovial SE (NASDAQ:FER) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 22,400 shares of the company’s stock, valued at approximately $909,000.

Several other institutional investors have also recently bought and sold shares of the company. Banco Santander S.A. bought a new position in shares of Ferrovial during the 4th quarter worth about $310,316,000. JPMorgan Chase & Co. lifted its position in shares of Ferrovial by 40.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company’s stock worth $197,517,000 after acquiring an additional 1,326,065 shares during the period. Brookfield Corp ON bought a new stake in shares of Ferrovial during the third quarter valued at approximately $71,881,000. Luxor Capital Group LP raised its stake in shares of Ferrovial by 203.8% in the third quarter. Luxor Capital Group LP now owns 871,945 shares of the company’s stock valued at $37,659,000 after purchasing an additional 584,963 shares in the last quarter. Finally, Partners Group Holding AG bought a new position in Ferrovial in the third quarter worth $36,538,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of FER opened at $44.95 on Friday. The stock has a 50 day simple moving average of $43.49 and a 200-day simple moving average of $42.15. Ferrovial SE has a 1 year low of $36.24 and a 1 year high of $47.30.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded shares of Ferrovial from a “neutral” rating to a “buy” rating in a research note 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.