State Street Corp Invests $6.48 Million in Ferrovial SE (NASDAQ:FER)

State Street Corp acquired a new stake in shares of Ferrovial SE (NASDAQ:FER) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 150,103 shares of the company’s stock, valued at approximately $6,483,000.

Several other hedge funds also recently modified their holdings of the company. Quantinno Capital Management LP raised its holdings in Ferrovial by 59.0% in the 3rd quarter. Quantinno Capital Management LP now owns 43,585 shares of the company’s stock valued at $1,880,000 after buying an additional 16,173 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Ferrovial during the third quarter valued at $4,159,000. Janus Henderson Group PLC bought a new position in shares of Ferrovial during the third quarter valued at $12,492,000. Public Sector Pension Investment Board lifted its holdings in shares of Ferrovial by 23.2% during the third quarter. Public Sector Pension Investment Board now owns 270,514 shares of the company’s stock worth $11,648,000 after purchasing an additional 50,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ferrovial by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock worth $12,484,000 after purchasing an additional 3,828 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FER. Royal Bank of Canada raised Ferrovial to a “hold” rating in a report on Tuesday, November 12th. Bank of America raised Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd.

Ferrovial Trading Down 0.5 %

FER opened at $42.37 on Friday. Ferrovial SE has a twelve month low of $35.30 and a twelve month high of $48.29. The company has a fifty day moving average of $40.95 and a 200-day moving average of $40.98.

Ferrovial Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.0366 per share. The ex-dividend date was Monday, December 16th.

Ferrovial Company 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.