Hsbc Holdings PLC Reduces Stock Holdings in Ferrovial SE $FER

Hsbc Holdings PLC cut its holdings in Ferrovial SE (NASDAQ:FER) by 99.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,775 shares of the company’s stock after selling 23,701,110 shares during the quarter. Hsbc Holdings PLC’s holdings in Ferrovial were worth $2,254,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in Ferrovial by 1,089.1% during the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after acquiring an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Ferrovial in the fourth quarter valued at approximately $68,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FER has been the subject of a number of recent research reports. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Performance

Shares of FER opened at $68.39 on Tuesday. Ferrovial SE has a 1 year low of $50.72 and a 1 year high of $74.79. The company’s 50 day simple moving average is $68.46 and its 200 day simple moving average is $68.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05.

Ferrovial (NASDAQ:FER) last released its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion during the quarter. As a group, research analysts forecast that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.5578 per share. The ex-dividend date of this dividend was 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.