Ferrovial SE $FER Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Ferrovial SE (NASDAQ:FER) by 52.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,836,057 shares of the company’s stock after purchasing an additional 633,211 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ferrovial were worth $118,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AlphaCore Capital LLC boosted its stake in shares of Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock valued at $411,000 after buying an additional 197 shares during the period. Drive Wealth Management LLC increased its stake in shares of Ferrovial by 5.4% during the fourth quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after buying an additional 203 shares during the period. ProShare Advisors LLC raised its holdings in Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock valued at $2,990,000 after acquiring an additional 206 shares in the last quarter. Hancock Whitney Corp raised its holdings in Ferrovial by 1.6% in the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock valued at $843,000 after acquiring an additional 230 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares during the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Price Performance

Shares of FER opened at $66.81 on Monday. Ferrovial SE has a 52-week low of $50.10 and a 52-week high of $74.79. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The stock has a 50 day moving average price of $68.25 and a 200 day moving average price of $67.65.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data 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. Equities analysts predict that Ferrovial SE will post 1.44 earnings per share for the current fiscal year.

Ferrovial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Zacks Research raised shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their target price for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.