Ferrovial SE $FER Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Ferrovial SE (NASDAQ:FER) by 1,000.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 707,840 shares of the company’s stock after acquiring an additional 643,488 shares during the quarter. BNP Paribas Financial Markets owned 0.10% of Ferrovial worth $45,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FER. Lazard Asset Management LLC lifted its stake 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 in the last quarter. Amundi lifted its stake 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 in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after purchasing an additional 354,530 shares in the last quarter. Algebris UK Ltd. acquired a new position in shares of Ferrovial during the fourth quarter worth about $839,930,000. Finally, Norges Bank acquired a new position in shares of Ferrovial during the fourth quarter worth about $605,204,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Stock Performance

NASDAQ:FER opened at $66.34 on Wednesday. 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. The business’s 50-day simple moving average is $67.96 and its 200 day simple moving average is $67.58.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion during the quarter. Research analysts forecast that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be issued a $0.5578 dividend. The ex-dividend date of this dividend is Tuesday, May 19th.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.47.

Ferrovial Company 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.