Ferrovial SE $FER Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR raised its holdings in Ferrovial SE (NASDAQ:FER) by 183.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,617 shares of the company’s stock after acquiring an additional 30,143 shares during the period. Generali Asset Management SPA SGR’s holdings in Ferrovial were worth $2,732,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Ferrovial in the second quarter valued at $498,625,000. Vanguard Group Inc. lifted its position in Ferrovial by 3.1% during the second quarter. Vanguard Group Inc. now owns 19,957,338 shares of the company’s stock worth $1,064,584,000 after buying an additional 601,503 shares during the period. Hsbc Holdings PLC boosted its stake in Ferrovial by 1.9% in the 2nd quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock worth $1,348,444,000 after buying an additional 472,349 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Ferrovial in the 2nd quarter valued at about $15,097,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Ferrovial by 144.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 454,483 shares of the company’s stock valued at $24,238,000 after acquiring an additional 268,774 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Ferrovial stock opened at $64.55 on Friday. The firm has a fifty day moving average of $64.80 and a 200-day moving average of $58.78. Ferrovial SE has a 52-week low of $40.07 and a 52-week high of $68.09.

Ferrovial Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Finally, Citigroup reaffirmed a “buy” rating and issued a $75.30 target price (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.30.

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.