Louisiana State Employees Retirement System bought a new position in shares of Ferrovial SE (NASDAQ:FER – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,300 shares of the company’s stock, valued at approximately $3,077,000.
Other hedge funds also recently added to or reduced their stakes in the company. AlphaCore Capital LLC boosted its stake in shares of Ferrovial by 3.2% during the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after acquiring an additional 197 shares in the last quarter. Drive Wealth Management LLC increased its stake in Ferrovial by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock valued at $257,000 after purchasing an additional 203 shares in the last quarter. MML Investors Services LLC raised its holdings in Ferrovial by 3.4% during the fourth quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock worth $445,000 after purchasing an additional 226 shares during the last quarter. Hancock Whitney Corp raised its holdings in Ferrovial by 1.6% during the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after purchasing an additional 230 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Ferrovial by 2.0% during 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 in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on the company. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and upped their target price for the company from $70.42 to $70.93 in a report on Monday, March 9th. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.47.
Ferrovial Stock Performance
FER stock opened at $68.35 on Monday. Ferrovial SE has a 1 year low of $50.72 and a 1 year high of $74.79. 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 stock’s 50 day moving average price is $68.50 and its 200 day moving average price is $68.02.
Ferrovial (NASDAQ:FER – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $3.19 billion for the quarter. As a group, research analysts forecast that Ferrovial SE will post 1.44 EPS for the current fiscal year.
Ferrovial Announces Dividend
The business also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Tuesday, May 19th were paid a dividend of $0.5578 per share. 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.
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