Ferrovial SE $FER Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in Ferrovial SE (NASDAQ:FER) by 99.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,775 shares of the company’s stock after selling 23,701,110 shares during the period. Hsbc Holdings PLC’s holdings in Ferrovial were worth $2,254,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after purchasing an additional 501 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Ferrovial by 80.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the period. EverSource Wealth Advisors LLC lifted its position in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after buying an additional 364 shares during the last quarter. Larson Financial Group LLC boosted its stake in Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after buying an additional 687 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial during the third quarter valued at about $66,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FER has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Zacks Research raised Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and raised their target price for the company from $70.42 to $70.93 in a report on Monday, March 9th. Two investment 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 presently has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Stock Up 0.0%

NASDAQ:FER opened at $68.39 on Tuesday. The firm’s fifty day simple moving average is $68.46 and its 200-day simple moving average is $68.03. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. Ferrovial SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion during the quarter. Sell-side analysts predict that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

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

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.