ProShare Advisors LLC increased its position in Ferrovial SE (NASDAQ:FER – Free Report) by 2,188.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,194,722 shares of the company’s stock after acquiring an additional 1,142,513 shares during the period. ProShare Advisors LLC’s holdings in Ferrovial were worth $77,214,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the period. EverSource Wealth Advisors LLC grew its stake in Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after acquiring an additional 364 shares during the last quarter. Larson Financial Group LLC grew its stake in Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after acquiring an additional 687 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Ferrovial in the 3rd quarter valued at about $66,000. Finally, Credit Industriel ET Commercial acquired a new stake in Ferrovial in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 22.28% of the company’s stock.
Wall Street Analyst Weigh In
FER has been the topic of a number of research reports. Weiss Ratings cut shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.12.
Ferrovial Stock Performance
Shares of NASDAQ:FER opened at $64.99 on Wednesday. The business’s fifty day moving average price is $67.36 and its two-hundred day moving average price is $67.28. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79.
Ferrovial (NASDAQ:FER – Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion for the quarter.
Ferrovial Announces Dividend
The company also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th will be paid 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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