Exane Asset Management Raises Stake in Ferrovial SE $FER

Exane Asset Management grew its position in shares of Ferrovial SE (NASDAQ:FER) by 15,983.6% during the third quarter, Holdings Channel.com reports. The fund owned 644,471 shares of the company’s stock after purchasing an additional 640,464 shares during the quarter. Ferrovial comprises 13.2% of Exane Asset Management’s portfolio, making the stock its 2nd biggest holding. Exane Asset Management’s holdings in Ferrovial were worth $36,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after purchasing an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock worth $2,204,000 after purchasing an additional 47,892 shares during the period. Jane Street Group LLC boosted its holdings in shares of Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after buying an additional 18,809 shares during the last quarter. Vanderbilt University grew its position in Ferrovial by 2.4% during the second quarter. Vanderbilt University now owns 59,029 shares of the company’s stock valued at $3,136,000 after buying an additional 1,403 shares during the period. Finally, 111 Capital purchased a new stake in Ferrovial during the second quarter worth about $1,957,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Up 2.6%

NASDAQ:FER opened at $69.72 on Wednesday. The business’s fifty day moving average is $66.16 and its 200 day moving average is $60.64. Ferrovial SE has a 52-week low of $40.46 and a 52-week high of $69.82.

Ferrovial Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were issued a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

Wall Street Analysts Forecast Growth

FER has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating and issued a $75.30 target price (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a report on Thursday, January 22nd. Sanford C. Bernstein lowered Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.30.

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.