Ferrovial SE $FER Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Ferrovial SE (NASDAQ:FER) by 18.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,529 shares of the company’s stock after selling 54,925 shares during the period. SG Americas Securities LLC’s holdings in Ferrovial were worth $16,232,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC grew its holdings in Ferrovial by 3.2% during the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after acquiring an additional 197 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Ferrovial by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock valued at $257,000 after purchasing an additional 203 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Ferrovial by 3.4% in the 4th quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock valued at $445,000 after purchasing an additional 226 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Ferrovial by 1.6% during 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 last quarter. Finally, Royal Bank of Canada grew its stake in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FER shares. Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and raised their price target for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Up 1.0%

Shares of NASDAQ:FER opened at $70.20 on Friday. The company’s fifty day moving average price is $68.56 and its 200 day moving average price is $68.01. Ferrovial SE has a 12 month low of $50.72 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 earnings per share for the quarter. The company had revenue of $3.19 billion during the quarter. On average, equities research analysts anticipate that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

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

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.