Harvest Fund Management Co. Ltd Invests $3.53 Million in Ferrovial SE $FER

Harvest Fund Management Co. Ltd purchased a new position in shares of Ferrovial SE (NASDAQ:FER) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,700 shares of the company’s stock, valued at approximately $3,534,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in shares of Ferrovial during the fourth quarter worth about $10,000,000. Fisher Asset Management LLC grew its holdings in shares of Ferrovial by 8.4% during the third quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock worth $31,540,000 after purchasing an additional 41,783 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Ferrovial during the third quarter worth about $1,895,000. Korea Investment CORP grew its holdings in shares of Ferrovial by 34.3% during the third quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock worth $18,197,000 after purchasing an additional 81,016 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Ferrovial by 7.9% during the third quarter. Barclays PLC now owns 4,463,767 shares of the company’s stock worth $261,577,000 after purchasing an additional 325,912 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Price Performance

Shares of FER opened at $66.46 on Friday. Ferrovial SE has a 52-week low of $50.10 and a 52-week high of $74.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. The business’s 50 day moving average price is $68.19 and its two-hundred day moving average price is $67.63.

Ferrovial (NASDAQ:FER) last issued its earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $3.19 billion for the quarter. Research analysts forecast that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FER shares. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and upped their target price for the company from $70.42 to $70.93 in a report on Monday, March 9th. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ferrovial presently has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Company 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.