Sumitomo Mitsui Trust Group Inc. Sells 8,087 Shares of Ferrovial SE $FER

Sumitomo Mitsui Trust Group Inc. cut its stake in Ferrovial SE (NASDAQ:FER) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,914 shares of the company’s stock after selling 8,087 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ferrovial were worth $7,800,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC boosted 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 valued at $1,258,865,000 after purchasing an additional 21,987,648 shares in the last quarter. Algebris UK Ltd. purchased a new position in Ferrovial in the fourth quarter valued at about $839,930,000. Amundi raised its holdings in Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 shares in the last quarter. Norges Bank purchased a new stake in shares of Ferrovial during the fourth quarter valued at about $605,204,000. Finally, Credit Agricole S A purchased a new stake in shares of Ferrovial during the third quarter valued at about $343,371,000. 22.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FER has been the topic of a number of recent analyst reports. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Up 0.0%

Shares of NASDAQ:FER opened at $63.72 on Wednesday. The business’s 50-day moving average is $67.69 and its 200 day moving average is $68.01. 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.

Ferrovial Announces Dividend

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