Nomura Asset Management Co. Ltd. Makes New $1.90 Million Investment in Ferrovial SE $FER

Nomura Asset Management Co. Ltd. acquired a new position in shares of Ferrovial SE (NASDAQ:FER) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,410 shares of the company’s stock, valued at approximately $1,900,000.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Ferrovial by 1,089.1% during the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after acquiring an additional 262 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after acquiring an additional 364 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after acquiring an additional 687 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Ferrovial during the 3rd quarter worth $66,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their price target for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday. Finally, Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ferrovial currently has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $66.81 on Friday. Ferrovial SE has a 52-week low of $50.10 and a 52-week high of $74.79. The stock’s 50-day simple moving average is $68.25 and its 200 day simple moving average is $67.62. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 billion during the quarter. On average, equities research analysts forecast that Ferrovial SE will post 1.44 earnings per share for the current fiscal year.

Ferrovial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be paid a $0.5578 dividend. The ex-dividend date is Tuesday, May 19th.

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.