ANTIPODES PARTNERS Ltd Makes New Investment in Ferrovial SE $FER

ANTIPODES PARTNERS Ltd purchased a new stake in shares of Ferrovial SE (NASDAQ:FER) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,068,081 shares of the company’s stock, valued at approximately $175,868,000. Ferrovial comprises about 3.9% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 3rd biggest holding. ANTIPODES PARTNERS Ltd owned approximately 0.41% of Ferrovial as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in FER. Hsbc Holdings PLC increased its holdings in Ferrovial by 1.9% during the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock valued at $1,348,444,000 after buying an additional 472,349 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ferrovial by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 20,344,716 shares of the company’s stock valued at $1,168,600,000 after acquiring an additional 387,378 shares during the period. TCI Fund Management Ltd. increased its stake in shares of Ferrovial by 0.7% in the 2nd quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company’s stock worth $1,038,720,000 after purchasing an additional 137,238 shares in the last quarter. Norges Bank purchased a new stake in shares of Ferrovial in the 2nd quarter worth $498,625,000. Finally, Bank of Italy bought a new position in Ferrovial in the 3rd quarter worth $126,229,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Up 1.7%

Shares of FER opened at $72.76 on Friday. Ferrovial SE has a 1 year low of $40.46 and a 1 year high of $74.79. The business’s 50 day simple moving average is $68.18 and its 200-day simple moving average is $62.84.

Ferrovial Dividend Announcement

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

Wall Street Analysts Forecast Growth

FER has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Weiss Ratings raised shares of Ferrovial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, February 5th. Citigroup restated a “buy” rating and set a $75.30 target price (up previously from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Ferrovial has a consensus rating of “Moderate Buy” and a consensus 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.