Legal & General Group Plc Sells 319,319 Shares of Ferrovial SE $FER

Legal & General Group Plc trimmed its stake in Ferrovial SE (NASDAQ:FER) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,228,970 shares of the company’s stock after selling 319,319 shares during the quarter. Legal & General Group Plc owned 0.84% of Ferrovial worth $404,780,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Ferrovial by 346.5% during the first quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after purchasing an additional 18,809 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Ferrovial during the second quarter valued at $310,000. Finally, Marshall Wace LLP lifted its holdings in shares of Ferrovial by 481.5% during the second quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock valued at $8,934,000 after purchasing an additional 138,098 shares in the last quarter. 22.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and upped their price target for the company from $70.42 to $70.93 in a report on Monday, March 9th. Weiss Ratings downgraded Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Finally, Zacks Research raised Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.12.

Ferrovial Stock Performance

Ferrovial stock opened at $69.40 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79. The stock has a fifty day moving average of $67.66 and a 200 day moving average of $67.46.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter. Analysts forecast that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

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