Ferrovial SE $FER Shares Sold by M&G PLC

M&G PLC reduced its holdings in shares of Ferrovial SE (NASDAQ:FER) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 743,366 shares of the company’s stock after selling 123,819 shares during the period. M&G PLC owned approximately 0.10% of Ferrovial worth $39,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in shares of Ferrovial during the first quarter valued at about $150,000. Earned Wealth Advisors LLC purchased a new stake in Ferrovial during the 2nd quarter worth approximately $240,000. Simon Quick Advisors LLC acquired a new position in Ferrovial during the 2nd quarter valued at approximately $274,000. Townsquare Capital LLC increased its stake in Ferrovial by 23.5% during the 1st quarter. Townsquare Capital LLC now owns 6,872 shares of the company’s stock valued at $309,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Ferrovial by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Wall Street Zen lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ferrovial has a consensus rating of “Moderate Buy”.

Ferrovial Trading Down 0.5%

Shares of NASDAQ:FER opened at $63.51 on Wednesday. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $65.20. The business’s 50 day moving average price is $60.11 and its 200-day moving average price is $54.95.

Ferrovial Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, October 27th will be issued a dividend of $0.4769 per share. The ex-dividend date of this dividend is Monday, October 27th.

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.