Intech Investment Management LLC Reduces Position in Ferrovial SE $FER

Intech Investment Management LLC trimmed its position in Ferrovial SE (NASDAQ:FER) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,815 shares of the company’s stock after selling 8,093 shares during the period. Intech Investment Management LLC’s holdings in Ferrovial were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new position in shares of Ferrovial in the fourth quarter worth about $10,000,000. Fisher Asset Management LLC boosted its position in Ferrovial by 8.4% in the third quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock valued at $31,540,000 after buying an additional 41,783 shares during the last quarter. Korea Investment CORP boosted its position in Ferrovial by 34.3% in the third quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock valued at $18,197,000 after buying an additional 81,016 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Ferrovial in the 3rd quarter worth approximately $1,895,000. Finally, Thrivent Financial for Lutherans increased its holdings in Ferrovial by 59.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 176,724 shares of the company’s stock worth $10,129,000 after buying an additional 65,976 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

Ferrovial stock opened at $66.46 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79. The stock’s 50 day simple moving average is $68.19 and its two-hundred day simple moving average is $67.63.

Ferrovial (NASDAQ:FER) last posted 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. On average, equities analysts expect that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th will be issued a $0.5578 dividend. The ex-dividend date of this dividend is Tuesday, May 19th.

Analysts Set New Price Targets

Several analysts have commented on FER shares. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday. Finally, Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.47.

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.