Maryland State Retirement & Pension System Decreases Stock Holdings in Ferrovial SE $FER

Maryland State Retirement & Pension System cut its holdings in Ferrovial SE (NASDAQ:FER) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 587,062 shares of the company’s stock after selling 10,973 shares during the quarter. Ferrovial accounts for approximately 0.7% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 26th largest position. Maryland State Retirement & Pension System’s holdings in Ferrovial were worth $33,616,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FER. ASR Vermogensbeheer N.V. grew its holdings in Ferrovial by 3.6% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 226,766 shares of the company’s stock valued at $12,997,000 after purchasing an additional 7,911 shares during the last quarter. Ritholtz Wealth Management bought a new position in Ferrovial in the 3rd quarter valued at $387,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ferrovial during the third quarter valued at $66,000. Kathmere Capital Management LLC bought a new position in shares of Ferrovial in the third quarter worth about $250,000. Finally, Earned Wealth Advisors LLC lifted its holdings in Ferrovial by 7.0% during the 3rd quarter. Earned Wealth Advisors LLC now owns 4,786 shares of the company’s stock valued at $280,000 after buying an additional 314 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

Shares of FER stock opened at $68.21 on Friday. The stock’s fifty day moving average price is $65.61 and its 200 day moving average price is $59.85. Ferrovial SE has a 1-year low of $40.46 and a 1-year high of $68.54.

Ferrovial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on FER shares. Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Citigroup reissued a “buy” rating and set a $75.30 target price (up previously from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrovial presently has an average rating of “Moderate Buy” and an average target price of $75.30.

About Ferrovial

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.