Miller Howard Investments Inc. NY Acquires Shares of 69,721 Ferrovial SE $FER

Miller Howard Investments Inc. NY acquired a new position in shares of Ferrovial SE (NASDAQ:FER) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 69,721 shares of the company’s stock, valued at approximately $4,535,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FER. Lazard Asset Management LLC lifted its position in shares of Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after purchasing an additional 21,987,648 shares during the last quarter. Algebris UK Ltd. bought a new stake in Ferrovial in the fourth quarter valued at about $839,930,000. Amundi raised its stake in Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after buying an additional 10,016,475 shares in the last quarter. Norges Bank bought a new position in Ferrovial during the 4th quarter worth approximately $605,204,000. Finally, Credit Agricole S A bought a new position in Ferrovial during the 3rd quarter worth approximately $343,371,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $70.01 on Wednesday. Ferrovial SE has a 1-year low of $50.72 and a 1-year high of $74.79. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average price is $68.64 and its two-hundred day moving average price is $67.95.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings results 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. On average, analysts anticipate that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on FER. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and increased their price objective for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Finally, Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.47.

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.