ING Groep NV purchased a new position in shares of Ferrovial SE (NASDAQ:FER – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,016,291 shares of the company’s stock, valued at approximately $65,663,000.
Several other institutional investors have also made changes to their positions in FER. Lazard Asset Management LLC boosted its holdings in shares of Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after purchasing an additional 21,987,648 shares during the period. Algebris UK Ltd. acquired a new stake in shares of Ferrovial during the fourth quarter worth approximately $839,930,000. Amundi boosted its holdings in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 shares during the period. Norges Bank acquired a new stake in shares of Ferrovial during the fourth quarter worth approximately $605,204,000. Finally, Credit Agricole S A acquired a new stake in shares of Ferrovial during the third quarter worth approximately $343,371,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on FER. Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday. Zacks Research raised shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and raised their price objective for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.47.
Ferrovial Stock Performance
NASDAQ:FER opened at $66.81 on Friday. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. The company’s 50 day moving average is $68.25 and its 200-day moving average is $67.62.
Ferrovial (NASDAQ:FER – Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $3.19 billion for the quarter. On average, equities research analysts predict that Ferrovial SE will post 1.44 earnings per share for the current year.
Ferrovial Dividend Announcement
The business also recently announced a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.
Ferrovial Profile
Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.
Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.
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