Ferrovial SE $FER Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its position in Ferrovial SE (NASDAQ:FER) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,530,114 shares of the company’s stock after acquiring an additional 250,921 shares during the quarter. Deutsche Bank AG owned 0.61% of Ferrovial worth $292,691,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FER. Lazard Asset Management LLC raised its holdings in Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after acquiring an additional 21,987,648 shares in the last quarter. Algebris UK Ltd. acquired a new position in shares of Ferrovial during the 4th quarter worth about $839,930,000. Amundi boosted its position in shares of 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 acquiring an additional 10,016,475 shares in the last quarter. Norges Bank acquired a new position in shares of Ferrovial during the 4th quarter worth about $605,204,000. Finally, Credit Agricole S A acquired a new position in shares of Ferrovial during the 3rd quarter worth about $343,371,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FER. Jefferies Financial Group cut 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. Zacks Research raised Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Finally, Citigroup cut 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. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Down 2.3%

Shares of NASDAQ:FER opened at $64.30 on Thursday. The company’s fifty day moving average price is $68.42 and its 200 day moving average price is $67.71. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79. 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 (NASDAQ:FER) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion for the quarter. On average, equities research analysts anticipate that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

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

About Ferrovial

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.