Franklin Resources Inc. Decreases Position in Ferrovial SE (NASDAQ:FER)

Franklin Resources Inc. lowered its stake in shares of Ferrovial SE (NASDAQ:FER) by 11.1% during the fourth quarter, Holdings Channel reports. The fund owned 9,927 shares of the company’s stock after selling 1,244 shares during the period. Franklin Resources Inc.’s holdings in Ferrovial were worth $417,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Ferrovial in the 4th quarter valued at approximately $440,665,000. Banco Santander S.A. purchased a new position in Ferrovial in the fourth quarter valued at $310,316,000. JPMorgan Chase & Co. raised its stake in Ferrovial by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,681,317 shares of the company’s stock valued at $196,756,000 after buying an additional 108,102 shares in the last quarter. ClearBridge Investments Ltd lifted its holdings in Ferrovial by 69.3% during the 4th quarter. ClearBridge Investments Ltd now owns 2,500,684 shares of the company’s stock worth $105,104,000 after buying an additional 1,023,896 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Ferrovial by 3.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 645,339 shares of the company’s stock worth $27,134,000 after acquiring an additional 24,268 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $45.95 on Friday. The stock’s 50-day simple moving average is $44.31 and its 200-day simple moving average is $42.45. Ferrovial SE has a fifty-two week low of $36.24 and a fifty-two week high of $47.30.

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.