Ferrovial SE $FER Shares Sold by M&G PLC

M&G PLC trimmed its position in Ferrovial SE (NASDAQ:FER) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 680,848 shares of the company’s stock after selling 62,518 shares during the period. M&G PLC owned 0.09% of Ferrovial worth $39,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Ferrovial in the third quarter valued at about $66,000. Credit Industriel ET Commercial purchased a new stake in Ferrovial in the third quarter valued at approximately $72,000. AlphaCore Capital LLC acquired a new position in Ferrovial in the 2nd quarter worth approximately $83,000. Osaic Holdings Inc. increased its holdings in Ferrovial by 9,326.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock worth $96,000 after buying an additional 1,772 shares during the period. Finally, Ascent Group LLC purchased a new position in Ferrovial during the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ferrovial Stock Down 0.5%

NASDAQ FER opened at $72.63 on Monday. The stock has a 50-day moving average of $67.58 and a 200 day moving average of $62.25. Ferrovial SE has a twelve month low of $40.46 and a twelve month high of $74.79.

Ferrovial Announces Dividend

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

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.