Ferrovial SE $FER Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its holdings in shares of Ferrovial SE (NASDAQ:FER) by 28.0% during the third quarter, Holdings Channel.com reports. The fund owned 1,019,338 shares of the company’s stock after selling 396,056 shares during the period. J. Safra Sarasin Holding AG’s holdings in Ferrovial were worth $58,423,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Ferrovial during the second quarter worth approximately $498,625,000. Vanguard Group Inc. raised its stake in shares of Ferrovial by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 19,957,338 shares of the company’s stock worth $1,064,584,000 after buying an additional 601,503 shares during the period. Hsbc Holdings PLC lifted its position in shares of Ferrovial by 1.9% during the 2nd quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock valued at $1,348,444,000 after buying an additional 472,349 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Ferrovial in the 2nd quarter valued at $15,097,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Ferrovial by 144.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 454,483 shares of the company’s stock worth $24,238,000 after acquiring an additional 268,774 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Trading Up 1.4%

Shares of Ferrovial stock opened at $67.95 on Tuesday. The business’s 50 day moving average price is $66.02 and its 200 day moving average price is $60.52. Ferrovial SE has a one year low of $40.46 and a one year high of $68.54.

Ferrovial Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were issued a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FER. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Finally, Citigroup reissued a “buy” rating and issued a $75.30 price objective (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.30.

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.