Fisher Asset Management LLC Purchases 53,600 Shares of Ferrovial SE $FER

Fisher Asset Management LLC boosted its position in shares of Ferrovial SE (NASDAQ:FER) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,820 shares of the company’s stock after acquiring an additional 53,600 shares during the quarter. Fisher Asset Management LLC’s holdings in Ferrovial were worth $38,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its position in 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 acquiring an additional 21,987,648 shares in the last quarter. Amundi raised its position in shares of Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares during the period. Vanguard Group Inc. raised its position in shares of Ferrovial by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after purchasing an additional 354,530 shares during the period. Algebris UK Ltd. bought a new position in shares of Ferrovial in the fourth quarter valued at about $839,930,000. Finally, Credit Agricole S A bought a new position in shares of Ferrovial in the third quarter valued at about $343,371,000. 22.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FER shares. Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Zacks Research raised shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.42 to $70.93 in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ferrovial has an average rating of “Hold” and an average price target of $73.12.

Ferrovial Stock Up 2.8%

Shares of FER opened at $69.40 on Wednesday. The company’s 50-day moving average is $67.66 and its 200-day moving average is $67.46. Ferrovial SE has a fifty-two week low of $50.10 and a fifty-two week 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.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter. As a group, equities research analysts anticipate that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. 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.