Banco Santander S.A. Buys 5,810,276 Shares of Ferrovial SE $FER

Banco Santander S.A. increased its stake in shares of Ferrovial SE (NASDAQ:FER) by 150.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,678,404 shares of the company’s stock after acquiring an additional 5,810,276 shares during the quarter. Ferrovial comprises approximately 4.7% of Banco Santander S.A.’s portfolio, making the stock its 2nd largest holding. Banco Santander S.A.’s holdings in Ferrovial were worth $625,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased 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 valued at $564,000 after purchasing an additional 246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ferrovial by 880.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares during the period. Jane Street Group LLC increased its stake in Ferrovial by 346.5% in the first quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after purchasing an additional 18,809 shares during the period. Quantbot Technologies LP acquired a new position in Ferrovial in the second 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 valued at $8,934,000 after purchasing an additional 138,098 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Stock Performance

NASDAQ:FER opened at $67.94 on Friday. The firm has a 50 day simple moving average of $68.48 and a 200-day simple moving average of $67.75. 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 1-year low of $50.10 and a 1-year high of $74.79.

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

Ferrovial Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 15th. Investors 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 research firms have commented on FER. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Finally, Citigroup lowered 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 note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Ferrovial presently has a consensus rating of “Hold” and a consensus price target 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.