Sequoia Financial Advisors LLC Purchases Shares of 8,599 Ferrovial SE $FER

Sequoia Financial Advisors LLC bought a new stake in shares of Ferrovial SE (NASDAQ:FER) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,599 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC raised its holdings in Ferrovial by 40,717,866.7% in the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after acquiring an additional 21,987,648 shares during the last quarter. Amundi lifted its position 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. TCI Fund Management Ltd. lifted its holdings in shares of Ferrovial by 6.5% during the 4th quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after acquiring an additional 1,269,548 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after purchasing an additional 354,530 shares in the last quarter. Finally, Algebris UK Ltd. purchased a new position in Ferrovial in the 4th quarter worth approximately $839,930,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ferrovial Trading Down 0.2%

Shares of NASDAQ:FER opened at $63.45 on Tuesday. Ferrovial SE has a 12 month low of $50.72 and a 12 month high of $74.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. The stock’s 50 day moving average price is $67.15 and its 200 day moving average price is $67.97.

Ferrovial Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were issued a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, May 19th.

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.