Ferrovial SE $FER Holdings Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in Ferrovial SE (NASDAQ:FER) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 523,658 shares of the company’s stock after selling 9,110 shares during the period. Pictet Asset Management Holding SA owned 0.07% of Ferrovial worth $28,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Groupe la Francaise grew its stake in shares of Ferrovial by 640.9% during the second quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock valued at $29,986,000 after purchasing an additional 377,714 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Ferrovial in the second quarter valued at approximately $4,915,000. Cooper Investors PTY Ltd. raised its position in Ferrovial by 23.7% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock worth $8,862,000 after purchasing an additional 24,783 shares during the last quarter. Cloverfields Capital Group LP bought a new position in Ferrovial in the 1st quarter worth approximately $1,547,000. Finally, NEOS Investment Management LLC raised its position in Ferrovial by 10.3% in the 2nd quarter. NEOS Investment Management LLC now owns 430,508 shares of the company’s stock worth $29,537,000 after purchasing an additional 40,329 shares during the last quarter. 22.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FER shares. Mediobanca raised Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. Wall Street Zen cut Ferrovial from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Bank of America restated a “buy” rating on shares of Ferrovial in a research report on Monday, September 14th. UBS Group lowered Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.47.

Ferrovial Trading Up 0.5%

Shares of NASDAQ:FER opened at $61.29 on Thursday. Ferrovial SE has a one year low of $48.00 and a one year high of $74.79. The company has a 50 day moving average of $54.43 and a 200-day moving average of $63.96. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39.

Ferrovial Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 6th will be issued a €0.83 dividend. The ex-dividend date is Friday, November 6th.

Ferrovial Company Profile

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.