Y Intercept Hong Kong Ltd Buys New Position in Ferrovial SE $FER

Y Intercept Hong Kong Ltd purchased a new position in shares of Ferrovial SE (NASDAQ:FER) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,459 shares of the company’s stock, valued at approximately $1,492,000.

Several other large investors also recently bought and sold shares of FER. Hsbc Holdings PLC lifted its position in shares of Ferrovial by 1.9% during the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock worth $1,348,444,000 after purchasing an additional 472,349 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Ferrovial by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 19,957,338 shares of the company’s stock worth $1,064,584,000 after buying an additional 601,503 shares in the last quarter. TCI Fund Management Ltd. boosted its position in Ferrovial by 0.7% in the 2nd quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company’s stock valued at $1,038,720,000 after buying an additional 137,238 shares during the last quarter. Norges Bank acquired a new stake in shares of Ferrovial during the second quarter valued at about $498,625,000. Finally, Thornburg Investment Management Inc. increased its position in shares of Ferrovial by 0.3% during the second quarter. Thornburg Investment Management Inc. now owns 1,716,499 shares of the company’s stock worth $91,613,000 after acquiring an additional 5,138 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Price Performance

FER stock opened at $67.99 on Friday. The stock’s 50 day simple moving average is $66.49 and its 200 day simple moving average is $60.85. Ferrovial SE has a 12-month low of $40.46 and a 12-month high of $69.82.

Ferrovial Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were issued a dividend of $0.077 per share. The ex-dividend date of this dividend was Friday, December 5th.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FER. Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a research report on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Finally, Citigroup reiterated a “buy” rating and set a $75.30 price objective (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.30.

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.