Algebris UK Ltd. Purchases New Shares in Ferrovial SE $FER

Algebris UK Ltd. purchased a new stake in shares of Ferrovial SE (NASDAQ:FER) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 13,000,000 shares of the company’s stock, valued at approximately $839,930,000. Ferrovial accounts for approximately 40.0% of Algebris UK Ltd.’s portfolio, making the stock its largest holding.

A number of other large investors have also added to or reduced their stakes in FER. Signaturefd LLC grew its holdings in Ferrovial by 1,089.1% during the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Ferrovial by 80.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after buying an additional 364 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after buying an additional 687 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Ferrovial in the 3rd quarter valued at about $66,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FER. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.30 to $70.00 in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Ferrovial currently has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Price Performance

FER stock opened at $68.01 on Monday. Ferrovial SE has a 52 week low of $50.10 and a 52 week high of $74.79. The firm’s 50-day moving average is $67.90 and its two-hundred day moving average is $67.56. 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 (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion for the quarter. Equities research analysts expect that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

The business 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 is 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.