Ferrovial SE $FER Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in shares of Ferrovial SE (NASDAQ:FER) by 26.8% in the first quarter, Holdings Channel.com reports. The fund owned 1,778,470 shares of the company’s stock after buying an additional 375,590 shares during the quarter. Swiss National Bank’s holdings in Ferrovial were worth $113,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in shares of Ferrovial during the 4th quarter valued at about $10,000,000. Hudson Bay Capital Management LP acquired a new position in shares of Ferrovial during the 3rd quarter worth $1,895,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ferrovial during the 4th quarter valued at $14,833,000. J. Safra Sarasin Holding AG lifted its stake in shares of Ferrovial by 3.5% in the 4th quarter. J. Safra Sarasin Holding AG now owns 1,054,570 shares of the company’s stock valued at $68,544,000 after purchasing an additional 35,232 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in Ferrovial in the third quarter worth $11,007,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FER shares. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, Zacks Research raised shares of Ferrovial to a “hold” rating in a research 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 stock. Based on data from MarketBeat, Ferrovial has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Trading Down 0.2%

Ferrovial stock opened at $63.45 on Tuesday. The business’s fifty day moving average is $67.15 and its two-hundred day moving average is $67.97. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. Ferrovial SE has a 52 week low of $50.72 and a 52 week high of $74.79.

Ferrovial Announces Dividend

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

Ferrovial 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.