ABN AMRO Bank N.V. Has $12.28 Million Holdings in Ferrovial SE $FER

ABN AMRO Bank N.V. boosted its holdings in shares of Ferrovial SE (NASDAQ:FER) by 13.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 190,769 shares of the company’s stock after purchasing an additional 22,120 shares during the period. ABN AMRO Bank N.V.’s holdings in Ferrovial were worth $12,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares in the last quarter. Blue Trust Inc. grew its position in shares of Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Price Performance

NASDAQ FER opened at $68.35 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $68.50 and its two-hundred day moving average price is $68.01. Ferrovial SE has a 1 year low of $50.72 and a 1 year high of $74.79.

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 during the quarter. Equities research analysts expect that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

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

Analyst Upgrades and Downgrades

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