Barclays PLC Raises Stake in Ferrovial SE $FER

Barclays PLC grew its stake in shares of Ferrovial SE (NASDAQ:FER) by 75.0% in the fourth quarter, Holdings Channel reports. The firm owned 7,809,502 shares of the company’s stock after acquiring an additional 3,345,735 shares during the period. Barclays PLC’s holdings in Ferrovial were worth $504,572,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FER. Lazard Asset Management LLC boosted its stake in shares of Ferrovial by 40,717,866.7% during 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 purchasing an additional 21,987,648 shares during the period. Algebris UK Ltd. purchased a new stake in shares of Ferrovial during the fourth quarter valued at $839,930,000. Amundi boosted its stake in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares during the period. Norges Bank purchased a new stake in Ferrovial in the fourth quarter worth about $605,204,000. Finally, Credit Agricole S A purchased a new stake in Ferrovial in the third quarter worth about $343,371,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FER has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Zacks Research raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Finally, Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Price Performance

NASDAQ:FER opened at $67.94 on Friday. Ferrovial SE has a 1-year low of $50.10 and a 1-year high of $74.79. The company has a 50-day moving average of $68.48 and a 200 day moving average of $67.75. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $3.19 billion during the quarter. Research analysts anticipate that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th will be issued a $0.5578 dividend. 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.