Thrivent Financial for Lutherans Raises Stake in Ferrovial SE $FER

Thrivent Financial for Lutherans grew its holdings in Ferrovial SE (NASDAQ:FER) by 59.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 176,724 shares of the company’s stock after acquiring an additional 65,976 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ferrovial were worth $10,129,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after buying an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock worth $2,204,000 after purchasing an additional 47,892 shares during the last quarter. Jane Street Group LLC grew its position in Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after buying an additional 18,809 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Ferrovial in the 2nd quarter valued at $2,335,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in Ferrovial by 73.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,298 shares of the company’s stock worth $873,000 after buying an additional 6,875 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Ferrovial Price Performance

Ferrovial stock opened at $67.97 on Thursday. Ferrovial SE has a fifty-two week low of $40.46 and a fifty-two week high of $69.82. The stock has a fifty day moving average of $66.66 and a two-hundred day moving average of $61.24.

Ferrovial Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were given a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

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.