Exane Asset Management Purchases 640,464 Shares of Ferrovial SE $FER

Exane Asset Management grew its holdings in Ferrovial SE (NASDAQ:FER) by 15,983.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 644,471 shares of the company’s stock after purchasing an additional 640,464 shares during the period. Ferrovial makes up about 13.2% of Exane Asset Management’s portfolio, making the stock its 2nd biggest position. Exane Asset Management owned about 0.09% of Ferrovial worth $36,939,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Ferrovial in the second quarter valued at approximately $498,625,000. Vanguard Group Inc. lifted its holdings in Ferrovial by 3.1% during the 2nd 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 holdings in Ferrovial by 1.9% in the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock valued at $1,348,444,000 after acquiring an additional 472,349 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Ferrovial in the 2nd quarter valued at $15,097,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Ferrovial by 144.7% during the second 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. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FER shares. Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Finally, Citigroup reiterated a “buy” rating and set a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Ferrovial has a consensus rating of “Moderate Buy” and a consensus target price of $75.30.

Ferrovial Stock Up 2.6%

Ferrovial stock opened at $69.72 on Wednesday. The firm’s fifty day moving average price is $66.16 and its two-hundred day moving average price is $60.64. Ferrovial SE has a 1-year low of $40.46 and a 1-year high of $69.82.

Ferrovial Announces Dividend

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

Ferrovial 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.