Ferrovial SE $FER Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Ferrovial SE (NASDAQ:FER) by 59.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,724 shares of the company’s stock after purchasing an additional 65,976 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ferrovial were worth $10,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FER. Altfest L J & Co. Inc. grew its stake in shares of Ferrovial by 0.9% in the 3rd quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock valued at $1,080,000 after buying an additional 165 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Ferrovial by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock valued at $412,000 after acquiring an additional 214 shares during the last quarter. Ensign Peak Advisors Inc grew its position in Ferrovial by 0.7% in the second quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company’s stock worth $1,781,000 after acquiring an additional 236 shares during the period. Harbor Advisors LLC increased its stake in Ferrovial by 2.8% during the second quarter. Harbor Advisors LLC now owns 8,973 shares of the company’s stock worth $479,000 after acquiring an additional 244 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares during the period. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FER. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Citigroup reiterated a “buy” rating and set a $75.30 target price (up previously from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.30.

Ferrovial Price Performance

Ferrovial stock opened at $67.97 on Thursday. Ferrovial SE has a fifty-two week low of $40.46 and a fifty-two week high of $69.82. The stock has a 50-day simple moving average of $66.66 and a 200-day simple moving average of $61.24.

Ferrovial Dividend Announcement

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

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.