Louisiana State Employees Retirement System Invests $3.08 Million in Ferrovial SE $FER

Louisiana State Employees Retirement System acquired a new stake in Ferrovial SE (NASDAQ:FER) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,300 shares of the company’s stock, valued at approximately $3,077,000.

Several other institutional investors and hedge funds have also modified their holdings of FER. Signaturefd LLC boosted its position in Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Ferrovial by 80.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after acquiring an additional 262 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after purchasing an additional 364 shares during the period. Blue Trust Inc. boosted its holdings in shares of Ferrovial by 136.8% during the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after purchasing an additional 450 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after purchasing an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FER. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Down 0.0%

Shares of NASDAQ FER opened at $68.35 on Monday. Ferrovial SE has a 52-week low of $50.72 and a 52-week high of $74.79. The firm has a fifty day moving average of $68.50 and a 200-day moving average of $68.02. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter. On average, sell-side analysts predict that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were given 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.