Arrowstreet Capital Limited Partnership Has $135.20 Million Stake in Ferrovial SE $FER

Arrowstreet Capital Limited Partnership lowered its holdings in Ferrovial SE (NASDAQ:FER) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,102,008 shares of the company’s stock after selling 208,942 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Ferrovial were worth $135,203,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FER. Lazard Asset Management LLC raised its stake in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after purchasing an additional 21,987,648 shares during the last quarter. Amundi lifted its position in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in Ferrovial by 6.5% during the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock worth $1,348,163,000 after purchasing an additional 1,269,548 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after purchasing an additional 354,530 shares during the last quarter. Finally, Algebris UK Ltd. purchased a new stake in shares of Ferrovial during the 4th quarter valued at $839,930,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FER. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Citigroup cut 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 note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $63.25 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 company has a 50 day simple moving average of $66.79 and a two-hundred day simple moving average of $67.92.

Ferrovial Announces Dividend

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