Public Sector Pension Investment Board Purchases 30,780 Shares of Ferrovial SE $FER

Public Sector Pension Investment Board lifted its holdings in Ferrovial SE (NASDAQ:FER) by 11.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 309,027 shares of the company’s stock after purchasing an additional 30,780 shares during the period. Public Sector Pension Investment Board’s holdings in Ferrovial were worth $17,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after buying an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after acquiring an additional 47,892 shares during the period. Jane Street Group LLC increased its stake in shares of Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after purchasing an additional 18,809 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Ferrovial by 73.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,298 shares of the company’s stock worth $873,000 after purchasing an additional 6,875 shares during the period. Finally, TD Asset Management Inc raised its holdings in Ferrovial by 6.8% in the 2nd quarter. TD Asset Management Inc now owns 166,215 shares of the company’s stock worth $8,831,000 after purchasing an additional 10,579 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

FER stock opened at $72.63 on Friday. Ferrovial SE has a 1-year low of $40.46 and a 1-year high of $74.79. The business has a 50 day simple moving average of $67.58 and a two-hundred day simple moving average of $62.18.

Ferrovial Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.