63,287 Shares in Ferrovial SE $FER Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in Ferrovial SE (NASDAQ:FER) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 63,287 shares of the company’s stock, valued at approximately $3,454,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Amundi boosted its stake in Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company’s stock valued at $995,383,000 after acquiring an additional 4,351,267 shares during the last quarter. Swiss National Bank increased its position in shares of Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after purchasing an additional 375,590 shares during the last quarter. J. Safra Sarasin Holding AG raised its stake in shares of Ferrovial by 1.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock valued at $68,623,000 after purchasing an additional 20,101 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Ferrovial by 4.5% in the 3rd quarter. ProShare Advisors LLC now owns 758,817 shares of the company’s stock valued at $41,036,000 after purchasing an additional 32,683 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of Ferrovial by 7.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after purchasing an additional 39,694 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on FER. Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. UBS Group lowered Ferrovial from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Citigroup upgraded Ferrovial from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Research upgraded Ferrovial from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded Ferrovial from a “hold” rating to a “sell” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Performance

Shares of NASDAQ FER traded down $0.52 during mid-day trading on Friday, hitting $58.71. The company had a trading volume of 3,213,176 shares, compared to its average volume of 2,618,856. Ferrovial SE has a 12 month low of $48.00 and a 12 month high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The firm’s 50 day simple moving average is $54.26 and its two-hundred day simple moving average is $64.05.

Ferrovial Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 6th will be given a €0.83 dividend. The ex-dividend date of this dividend is Friday, November 6th.

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.