Partners Group Holding AG Buys 33,156 Shares of Ferrovial SE $FER

Partners Group Holding AG lifted its stake in shares of Ferrovial SE (NASDAQ:FER) by 6.7% in the fourth quarter, HoldingsChannel reports. The fund owned 531,719 shares of the company’s stock after acquiring an additional 33,156 shares during the period. Ferrovial makes up approximately 2.3% of Partners Group Holding AG’s holdings, making the stock its 18th largest holding. Partners Group Holding AG’s holdings in Ferrovial were worth $34,435,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. AlphaCore Capital LLC lifted its holdings in Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after purchasing an additional 197 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in Ferrovial by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after purchasing an additional 203 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Ferrovial by 0.4% in the 3rd quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after purchasing an additional 206 shares in the last quarter. Hancock Whitney Corp lifted its holdings in Ferrovial by 1.6% in the 3rd quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after purchasing an additional 230 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after purchasing an additional 246 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FER shares. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Jefferies Financial Group cut 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.12.

Ferrovial Stock Down 3.3%

Shares of FER opened at $64.99 on Wednesday. Ferrovial SE has a 1 year low of $50.10 and a 1 year high of $74.79. The business’s 50 day simple moving average is $67.36 and its 200-day simple moving average is $67.28. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last issued 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 for the quarter.

Ferrovial Dividend Announcement

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

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.