Geode Capital Management LLC Reduces Holdings in Ferrovial SE (NASDAQ:FER)

Geode Capital Management LLC decreased its stake in shares of Ferrovial SE (NASDAQ:FER) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 621,310 shares of the company’s stock after selling 901 shares during the period. Geode Capital Management LLC owned approximately 0.08% of Ferrovial worth $26,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Susquehanna International Securities Ltd. bought a new stake in Ferrovial during the 2nd quarter valued at approximately $228,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Ferrovial during the third quarter valued at approximately $296,000. Oppenheimer Asset Management Inc. purchased a new stake in Ferrovial in the second quarter worth $307,000. Hancock Whitney Corp purchased a new stake in Ferrovial in the second quarter worth $352,000. Finally, Acadian Asset Management LLC bought a new position in Ferrovial in the second quarter worth $370,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Ferrovial stock opened at $42.59 on Friday. Ferrovial SE has a 12 month low of $35.30 and a 12 month high of $48.29. The business’s fifty day simple moving average is $40.94 and its two-hundred day simple moving average is $40.95.

Ferrovial Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a dividend of $0.0366 per share. The ex-dividend date of this dividend is Monday, December 16th.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FER shares. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

Ferrovial Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.