Orion Porfolio Solutions LLC Raises Holdings in Ferrovial SE $FER

Orion Porfolio Solutions LLC increased its stake in shares of Ferrovial SE (NASDAQ:FER) by 100.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,011 shares of the company’s stock after purchasing an additional 9,030 shares during the period. Orion Porfolio Solutions LLC’s holdings in Ferrovial were worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. AlphaCore Capital LLC bought a new stake in Ferrovial during the second quarter valued at about $83,000. Earned Wealth Advisors LLC bought a new position in shares of Ferrovial during the 2nd quarter valued at approximately $240,000. Simon Quick Advisors LLC purchased a new stake in Ferrovial in the 2nd quarter worth approximately $274,000. Quantbot Technologies LP bought a new stake in Ferrovial during the 2nd quarter worth approximately $310,000. Finally, State of Wyoming purchased a new position in Ferrovial during the second quarter valued at approximately $317,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Up 1.1%

Shares of Ferrovial stock opened at $65.60 on Wednesday. Ferrovial SE has a fifty-two week low of $40.07 and a fifty-two week high of $68.09. The firm has a 50-day simple moving average of $64.54 and a two-hundred day simple moving average of $58.07.

Ferrovial Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were given a dividend of $0.077 per share. The ex-dividend date was Friday, December 5th.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FER shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Citigroup reiterated a “buy” rating and set a $75.30 target price (up from $72.10) on shares of Ferrovial in a research report on Friday. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.30.

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.