United Services Automobile Association Reduces Position in Ferrovial SE (NASDAQ:FER)

United Services Automobile Association decreased its holdings in Ferrovial SE (NASDAQ:FER) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,866 shares of the company’s stock after selling 1,430 shares during the period. United Services Automobile Association’s holdings in Ferrovial were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Natixis Advisors LLC purchased a new position in Ferrovial in the 3rd quarter valued at approximately $447,000. Charles Schwab Investment Management Inc. bought a new position in shares of Ferrovial in the third quarter worth $940,000. Partners Group Holding AG purchased a new position in shares of Ferrovial in the third quarter valued at $36,538,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ferrovial by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock valued at $12,484,000 after purchasing an additional 3,828 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in Ferrovial by 23.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 270,514 shares of the company’s stock worth $11,648,000 after purchasing an additional 50,900 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Stock Performance

FER opened at $44.41 on Tuesday. Ferrovial SE has a one year low of $36.24 and a one year high of $47.30. The company has a fifty day moving average price of $43.65 and a 200-day moving average price of $42.20.

Ferrovial Company 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.