Arrowstreet Capital Limited Partnership Buys 408,456 Shares of Ferrovial SE $FER

Arrowstreet Capital Limited Partnership boosted its stake in Ferrovial SE (NASDAQ:FER) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,310,950 shares of the company’s stock after purchasing an additional 408,456 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Ferrovial were worth $149,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Wace LLP raised its holdings in shares of Ferrovial by 22.9% in the 4th quarter. Marshall Wace LLP now owns 191,347 shares of the company’s stock valued at $12,363,000 after acquiring an additional 35,656 shares in the last quarter. 11 Capital Partners LP purchased a new position in Ferrovial in the 4th quarter worth approximately $4,007,000. Walleye Capital LLC purchased a new position in Ferrovial in the 4th quarter worth approximately $3,142,000. Smartleaf Asset Management LLC bought a new stake in shares of Ferrovial in the 4th quarter worth approximately $163,000. Finally, Morgan Stanley grew its position in shares of Ferrovial by 305.1% in the 4th quarter. Morgan Stanley now owns 1,196,550 shares of the company’s stock worth $77,309,000 after buying an additional 901,199 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $68.51 on Tuesday. The stock has a 50 day moving average of $68.53 and a 200 day moving average of $67.79. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79. 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 (NASDAQ:FER) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter. As a group, equities analysts expect that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FER shares. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.