Ferrovial SE (NASDAQ:FER) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Ferrovial SE (NASDAQ:FER) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,114,780 shares of the company’s stock after purchasing an additional 14,821 shares during the quarter. Bank of New York Mellon Corp owned about 0.15% of Ferrovial worth $50,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FER. Norges Bank acquired a new position in shares of Ferrovial during the 4th quarter worth $440,665,000. FMR LLC boosted its position in shares of Ferrovial by 4,066.5% in the 4th quarter. FMR LLC now owns 6,171,067 shares of the company’s stock worth $259,527,000 after buying an additional 6,022,956 shares in the last quarter. Bank of America Corp DE grew its stake in Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock valued at $663,374,000 after acquiring an additional 3,657,704 shares during the last quarter. Barclays PLC increased its holdings in Ferrovial by 30.5% during the 4th quarter. Barclays PLC now owns 4,487,124 shares of the company’s stock valued at $188,593,000 after acquiring an additional 1,047,513 shares in the last quarter. Finally, ClearBridge Investments Ltd raised its position in Ferrovial by 69.3% during the fourth quarter. ClearBridge Investments Ltd now owns 2,500,684 shares of the company’s stock worth $105,104,000 after acquiring an additional 1,023,896 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Price Performance

NASDAQ:FER opened at $52.57 on Friday. The firm has a 50 day simple moving average of $51.46 and a 200-day simple moving average of $46.59. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43.

Ferrovial Increases Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were given a $0.3029 dividend. The ex-dividend date was Friday, May 23rd. This is a positive change from Ferrovial’s previous — dividend of $0.04.

Analysts Set New Price Targets

Several brokerages have issued reports on FER. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Wednesday, June 25th. BNP Paribas raised shares of Ferrovial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Ferrovial from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Finally, BNP Paribas Exane raised shares of Ferrovial from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Ferrovial currently has an average rating of “Hold”.

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.