Groupe la Francaise Cuts Position in Ferrovial SE $FER

Groupe la Francaise lowered its position in Ferrovial SE (NASDAQ:FER) by 84.9% in the first quarter, Holdings Channel reports. The fund owned 58,934 shares of the company’s stock after selling 331,718 shares during the period. Groupe la Francaise’s holdings in Ferrovial were worth $3,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after purchasing an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares in the last quarter. Blue Trust Inc. raised its stake in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after buying an additional 450 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after buying an additional 687 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in Ferrovial during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings downgraded shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Down 0.0%

Shares of Ferrovial stock opened at $65.10 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.05 and a debt-to-equity ratio of 1.39. The company’s 50-day simple moving average is $66.43 and its 200-day simple moving average is $67.79. Ferrovial SE has a 52-week low of $50.72 and a 52-week high of $74.79.

Ferrovial Announces Dividend

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

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.