Sequoia Financial Advisors LLC Invests $559,000 in Ferrovial SE $FER

Sequoia Financial Advisors LLC acquired a new stake in shares of Ferrovial SE (NASDAQ:FER) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,599 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harrison Street Private Wealth LLC acquired a new position in Ferrovial during the first quarter worth about $3,226,000. Keybank National Association OH acquired a new stake in shares of Ferrovial during the 1st quarter worth about $202,000. Lansforsakringar Fondforvaltning AB publ raised its stake in shares of Ferrovial by 2.4% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 219,252 shares of the company’s stock valued at $14,000,000 after acquiring an additional 5,237 shares during the period. Goodman Advisory Group LLC acquired a new position in Ferrovial during the first quarter worth $2,799,000. Finally, Pictet Asset Management Holding SA boosted its holdings in Ferrovial by 2.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 533,742 shares of the company’s stock valued at $34,082,000 after acquiring an additional 15,139 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of FER stock opened at $63.45 on Tuesday. The stock has a 50 day simple moving average of $67.15 and a 200-day simple moving average of $67.97. 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 SE has a 12-month low of $50.72 and a 12-month high of $74.79.

Ferrovial Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.47.

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.