Ferrovial SE $FER Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in Ferrovial SE (NASDAQ:FER) by 99.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GF Fund Management CO. LTD. acquired a new position in Ferrovial in the fourth quarter valued at approximately $10,000,000. Hudson Bay Capital Management LP purchased a new position in Ferrovial in the third quarter worth approximately $1,895,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ferrovial during the fourth quarter worth $14,833,000. J. Safra Sarasin Holding AG increased its stake in Ferrovial by 3.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 1,054,570 shares of the company’s stock worth $68,544,000 after acquiring an additional 35,232 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Ferrovial in the third quarter valued at $11,007,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research raised Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings restated 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 given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $64.28 on Friday. Ferrovial SE has a 1 year low of $50.72 and a 1 year 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. The firm’s 50-day moving average is $67.91 and its two-hundred day moving average is $68.01.

Ferrovial Dividend Announcement

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

About Ferrovial

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.