Thrivent Financial for Lutherans Acquires Shares of 110,748 Ferrovial SE $FER

Thrivent Financial for Lutherans bought a new stake in Ferrovial SE (NASDAQ:FER) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 110,748 shares of the company’s stock, valued at approximately $5,884,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Ferrovial by 43.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,195 shares of the company’s stock worth $1,446,000 after acquiring an additional 9,698 shares during the period. Wellington Management Group LLP raised its stake in shares of Ferrovial by 43.7% during the first quarter. Wellington Management Group LLP now owns 48,530 shares of the company’s stock worth $2,159,000 after purchasing an additional 14,756 shares during the last quarter. Groupe la Francaise acquired a new stake in shares of Ferrovial during the first quarter worth $6,820,000. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Ferrovial by 10.8% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 177,617 shares of the company’s stock worth $7,901,000 after purchasing an additional 17,261 shares during the period. Finally, Royal Bank of Canada grew its position in Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

FER has been the subject of a number of analyst reports. Citigroup restated a “buy” rating and set a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a research report on Friday. Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

Ferrovial Stock Down 0.1%

NASDAQ FER opened at $66.39 on Friday. The business has a 50 day moving average price of $64.38 and a 200 day moving average price of $57.78. Ferrovial SE has a 1-year low of $40.07 and a 1-year high of $68.09.

Ferrovial Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be given a $0.077 dividend. The ex-dividend date is Friday, December 5th.

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.