Andra AP fonden Boosts Position in Ferrovial SE $FER

Andra AP fonden raised its holdings in shares of Ferrovial SE (NASDAQ:FER) by 288.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 203,353 shares of the company’s stock after acquiring an additional 151,009 shares during the quarter. Andra AP fonden’s holdings in Ferrovial were worth $13,228,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after purchasing an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after buying an additional 262 shares during the period. Blue Trust Inc. boosted its position in shares of Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after buying an additional 450 shares during the period. Larson Financial Group LLC grew its stake in shares of Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after buying an additional 687 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial in 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 Analyst Weigh In

FER has been the topic of several recent research reports. Zacks Research raised Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ferrovial presently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Performance

Shares of NASDAQ FER opened at $63.55 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79. The business has a 50 day moving average price of $67.04 and a two-hundred day moving average price of $67.97.

Ferrovial Announces Dividend

The business also recently declared 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 of this dividend 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.