Clearbridge Investments LLC Has $191.47 Million Position in Ferrovial SE $FER

Clearbridge Investments LLC cut its position in Ferrovial SE (NASDAQ:FER) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,963,444 shares of the company’s stock after selling 333,232 shares during the quarter. Clearbridge Investments LLC owned 0.40% of Ferrovial worth $191,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FER. Lazard Asset Management LLC increased its position in Ferrovial by 40,717,866.7% during the 3rd 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. Algebris UK Ltd. acquired a new position in Ferrovial during the 4th quarter worth approximately $839,930,000. Amundi increased its position in Ferrovial by 87.0% during the 3rd 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. Norges Bank acquired a new position in Ferrovial during the 4th quarter worth approximately $605,204,000. Finally, Credit Agricole S A acquired a new position in Ferrovial during the 3rd quarter worth approximately $343,371,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $66.81 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial SE has a 52-week low of $50.10 and a 52-week high of $74.79. The firm has a 50 day moving average price of $68.25 and a two-hundred day moving average price of $67.65.

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

Ferrovial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FER shares. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ferrovial presently has an average rating of “Hold” and an average 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.