Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Makes New Investment in Ferrovial SE $FER

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Ferrovial SE (NASDAQ:FER) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,575 shares of the company’s stock, valued at approximately $1,265,000. Ferrovial comprises 2.0% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Ferrovial by 10.0% during the fourth quarter. Fisher Asset Management LLC now owns 591,820 shares of the company’s stock worth $38,238,000 after buying an additional 53,600 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Ferrovial by 114.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,441 shares of the company’s stock worth $93,000 after buying an additional 770 shares during the last quarter. Global Retirement Partners LLC bought a new position in Ferrovial during the fourth quarter worth about $307,000. Algebris UK Ltd. bought a new position in Ferrovial during the fourth quarter worth about $839,930,000. Finally, Leonteq Securities AG bought a new position in Ferrovial during the fourth quarter worth about $88,000. Institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $75.30 to $70.00 in a report on Wednesday. Finally, Zacks Research raised Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Two 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.com, Ferrovial currently has a consensus rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Performance

NASDAQ FER opened at $68.30 on Friday. 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 is $67.82 and its 200-day moving average is $67.53. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79.

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

Ferrovial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. The ex-dividend date of this dividend 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.