Fisher Asset Management LLC Has $38.24 Million Holdings in Ferrovial SE $FER

Fisher Asset Management LLC grew its stake in Ferrovial SE (NASDAQ:FER) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 591,820 shares of the company’s stock after buying an additional 53,600 shares during the quarter. Fisher Asset Management LLC owned 0.08% of Ferrovial worth $38,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its holdings 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 valued at $1,258,865,000 after buying an additional 21,987,648 shares during the period. Amundi boosted its holdings in Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 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. Algebris UK Ltd. acquired a new position in Ferrovial during the fourth quarter worth $839,930,000. Finally, Credit Agricole S A acquired a new position in Ferrovial during the third quarter worth $343,371,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Price Performance

NASDAQ FER opened at $69.40 on Wednesday. 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 firm’s fifty day moving average price is $67.66 and its two-hundred day moving average price is $67.46. Ferrovial SE has a 1 year low of $50.10 and a 1 year high of $74.79.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 billion for the quarter. Equities research analysts expect that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings cut shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Finally, Jefferies Financial Group cut 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. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.12.

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.