CIBC Asset Management Inc Takes Position in Ferrovial SE $FER

CIBC Asset Management Inc bought a new stake in shares of Ferrovial SE (NASDAQ:FER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 133,759 shares of the company’s stock, valued at approximately $8,642,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FER. Royal Bank of Canada raised its holdings in Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after buying an additional 246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after buying an additional 47,892 shares during the period. Jane Street Group LLC raised its holdings in Ferrovial by 346.5% during the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after buying an additional 18,809 shares during the period. Quantbot Technologies LP purchased a new stake in Ferrovial during the 2nd quarter valued at $310,000. Finally, Marshall Wace LLP increased its stake in Ferrovial by 481.5% in the second quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock worth $8,934,000 after purchasing an additional 138,098 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FER. Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and increased their target price for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Ferrovial currently has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Stock Up 0.5%

Shares of FER stock opened at $66.81 on Friday. The stock has a 50 day moving average of $68.25 and a 200 day moving average of $67.62. 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 twelve month low of $50.10 and a twelve month high of $74.79.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $3.19 billion for the quarter. On average, equities research analysts expect that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

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

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.