Citigroup Inc. Has $114.83 Million Stake in Ferrovial SE $FER

Citigroup Inc. reduced its holdings in shares of Ferrovial SE (NASDAQ:FER) by 76.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,003,498 shares of the company’s stock after selling 6,542,708 shares during the quarter. Citigroup Inc. owned approximately 0.27% of Ferrovial worth $114,833,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ferrovial by 880.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares during the period. Jane Street Group LLC lifted its stake in shares of Ferrovial by 346.5% during the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after buying an additional 18,809 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Ferrovial by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after buying an additional 214 shares during the period. Finally, Simon Quick Advisors LLC acquired a new position in Ferrovial in the 2nd quarter valued at about $274,000. Institutional investors own 22.28% of the company’s stock.

Analyst Ratings Changes

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

Ferrovial Stock Performance

Ferrovial stock opened at $72.76 on Friday. Ferrovial SE has a 52-week low of $40.46 and a 52-week high of $74.79. The stock’s 50 day moving average price is $68.18 and its two-hundred day moving average price is $62.91.

Ferrovial Announces Dividend

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