Ferrovial SE $FER Holdings Lifted by M&G PLC

M&G PLC lifted its position in shares of Ferrovial SE (NASDAQ:FER) by 16.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 623,268 shares of the company’s stock after buying an additional 85,920 shares during the quarter. M&G PLC’s holdings in Ferrovial were worth $33,900,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FER. Groupe la Francaise grew its stake in shares of Ferrovial by 640.9% in the second quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock valued at $29,986,000 after acquiring an additional 377,714 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Ferrovial during the second quarter worth about $4,915,000. Cooper Investors PTY Ltd. boosted its holdings in Ferrovial by 23.7% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock valued at $8,862,000 after purchasing an additional 24,783 shares during the period. Cloverfields Capital Group LP bought a new stake in Ferrovial in the 1st quarter valued at about $1,547,000. Finally, NEOS Investment Management LLC grew its position in shares of Ferrovial by 10.3% during the 2nd quarter. NEOS Investment Management LLC now owns 430,508 shares of the company’s stock worth $29,537,000 after purchasing an additional 40,329 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Up 4.6%

FER opened at $61.39 on Tuesday. Ferrovial SE has a twelve month low of $48.00 and a twelve month high of $74.79. The company has a 50-day simple moving average of $54.31 and a 200 day simple moving average of $64.02. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Ferrovial Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 6th will be given a €0.83 dividend. The ex-dividend date is Friday, November 6th.

Analysts Set New Price Targets

Several brokerages have recently commented on FER. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Weiss Ratings cut Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft downgraded Ferrovial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Zacks Research upgraded Ferrovial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th. Finally, UBS Group cut Ferrovial from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Ferrovial presently has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Company Profile

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.