Pictet Asset Management Holding SA Acquires 15,139 Shares of Ferrovial SE $FER

Pictet Asset Management Holding SA grew its holdings in Ferrovial SE (NASDAQ:FER) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 533,742 shares of the company’s stock after buying an additional 15,139 shares during the period. Pictet Asset Management Holding SA owned 0.07% of Ferrovial worth $34,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its stake in Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after acquiring an additional 501 shares during the period. Cullen Frost Bankers Inc. boosted its position in Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after purchasing an additional 262 shares during the period. EverSource Wealth Advisors LLC boosted its position in Ferrovial by 118.6% during the third 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. increased its holdings in shares of Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Stock Performance

FER stock opened at $68.61 on Wednesday. Ferrovial SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average price is $68.40 and its two-hundred day moving average price is $68.05.

Ferrovial Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Tuesday, May 19th were paid a $0.5578 dividend. The ex-dividend date was Tuesday, May 19th.

Wall Street Analysts Forecast Growth

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