Nomura Asset Management Co. Ltd. Takes $1.90 Million Position in Ferrovial SE $FER

Nomura Asset Management Co. Ltd. purchased a new stake in shares of Ferrovial SE (NASDAQ:FER) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 29,410 shares of the company’s stock, valued at approximately $1,900,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after buying an additional 501 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after buying an additional 364 shares during the period. Larson Financial Group LLC increased its position in shares of Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after buying an additional 687 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Ferrovial during the third quarter valued at about $66,000. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FER shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Finally, Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Trading Up 0.5%

Shares of FER opened at $66.81 on Friday. The stock has a 50 day simple moving average of $68.25 and a two-hundred day simple moving average of $67.62. 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 SE has a 1 year low of $50.10 and a 1 year high of $74.79.

Ferrovial (NASDAQ:FER) last issued its 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 during the quarter. On average, equities analysts anticipate that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

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

Ferrovial Company 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.