Harrison Street Private Wealth LLC Buys New Position in Ferrovial SE $FER

Harrison Street Private Wealth LLC bought a new stake in shares of Ferrovial SE (NASDAQ:FER) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 50,514 shares of the company’s stock, valued at approximately $3,226,000. Ferrovial comprises approximately 4.3% of Harrison Street Private Wealth LLC’s holdings, making the stock its 16th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after purchasing an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Ferrovial by 80.9% during the fourth 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 position in Ferrovial by 118.6% during the third 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 holdings in Ferrovial by 136.8% during the first 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 increased its position in Ferrovial by 240.2% in 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 in the last quarter. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FER has been the topic of several recent research reports. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and increased their target price for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Trading Up 0.7%

Shares of Ferrovial stock opened at $67.72 on Friday. Ferrovial SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79. 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 company has a fifty day moving average of $68.26 and a 200 day moving average of $68.06.

Ferrovial Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were given 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.