Ferrovial SE $FER Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Ferrovial SE (NASDAQ:FER) by 6.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 119,914 shares of the company’s stock after selling 8,087 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ferrovial were worth $7,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC raised its stake in Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after acquiring an additional 262 shares during the period. Blue Trust Inc. grew its stake in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Larson Financial Group LLC grew its stake in Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Ferrovial in the third quarter valued at about $66,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Price Performance

NASDAQ FER opened at $63.72 on Wednesday. Ferrovial SE has a 1 year low of $50.72 and a 1 year high of $74.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. The company has a fifty day moving average of $67.69 and a 200 day moving average of $68.01.

Ferrovial Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FER. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.47.

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.