Pictet Asset Management Holding SA Sells 9,110 Shares of Ferrovial SE $FER

Pictet Asset Management Holding SA reduced its stake in Ferrovial SE (NASDAQ:FER) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 523,658 shares of the company’s stock after selling 9,110 shares during the period. Pictet Asset Management Holding SA’s holdings in Ferrovial were worth $28,259,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Amundi increased its holdings in Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company’s stock valued at $995,383,000 after purchasing an additional 4,351,267 shares during the last quarter. Swiss National Bank lifted its stake in Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after buying an additional 375,590 shares during the period. ProShare Advisors LLC lifted its stake in Ferrovial by 4.5% in the third quarter. ProShare Advisors LLC now owns 758,817 shares of the company’s stock valued at $41,036,000 after buying an additional 32,683 shares during the period. Maryland State Retirement & Pension System lifted its stake in Ferrovial by 7.2% in the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after buying an additional 39,694 shares during the period. Finally, Vantage Investment Partners LLC boosted its holdings in Ferrovial by 47.6% during the third quarter. Vantage Investment Partners LLC now owns 519,370 shares of the company’s stock worth $28,098,000 after buying an additional 167,439 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Stock Up 0.5%

Shares of Ferrovial stock opened at $61.29 on Thursday. Ferrovial SE has a 1 year low of $48.00 and a 1 year high of $74.79. The business has a 50-day moving average of $54.43 and a two-hundred day moving average of $63.96. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Ferrovial Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 6th will be given a €0.83 dividend. The ex-dividend date is Friday, November 6th.

Analyst Upgrades and Downgrades

FER has been the subject of several analyst reports. Mediobanca upgraded Ferrovial to an “outperform” rating in a research report on Wednesday, August 19th. Deutsche Bank downgraded shares of Ferrovial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Citigroup upgraded shares of Ferrovial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 4th. Kepler Capital Markets lowered shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Finally, Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Ferrovial has an average rating of “Hold” and an average price target of $70.47.

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects. Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.