CenterBook Partners LP Takes Position in Ferrovial SE $FER

CenterBook Partners LP purchased a new stake in Ferrovial SE (NASDAQ:FER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,934 shares of the company’s stock, valued at approximately $1,805,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC boosted its stake in Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after purchasing an additional 197 shares during the period. Drive Wealth Management LLC boosted its stake in Ferrovial by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after purchasing an additional 203 shares during the period. ProShare Advisors LLC boosted its stake in Ferrovial by 0.4% in the 3rd quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after purchasing an additional 206 shares during the period. Hancock Whitney Corp boosted its stake in Ferrovial by 1.6% in the 3rd quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after purchasing an additional 230 shares during the period. Finally, Royal Bank of Canada boosted its stake in Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after purchasing an additional 246 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $65.81 on Wednesday. The company’s 50-day moving average price is $68.38 and its two-hundred day moving average price is $67.70. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79.

Ferrovial (NASDAQ:FER) last issued 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 for the quarter. Research analysts anticipate that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

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 dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Citigroup lowered shares of 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and upped their target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $70.47.

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.