9,321,199 Shares in Ferrovial SE $FER Purchased by Norges Bank

Norges Bank acquired a new position in shares of Ferrovial SE (NASDAQ:FER) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,321,199 shares of the company’s stock, valued at approximately $605,204,000. Norges Bank owned 1.26% of Ferrovial as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new position in Ferrovial in the 4th quarter worth about $10,000,000. Fisher Asset Management LLC grew its position in Ferrovial by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock worth $31,540,000 after purchasing an additional 41,783 shares during the last quarter. Korea Investment CORP grew its position in Ferrovial by 34.3% in the 3rd quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock worth $18,197,000 after purchasing an additional 81,016 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in Ferrovial in the 3rd quarter worth about $1,895,000. Finally, Bank of Italy bought a new position in Ferrovial in the 3rd quarter worth about $126,229,000. Institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings cut shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and upped their target price for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Finally, Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.30 to $70.00 in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

FER stock opened at $68.01 on Monday. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79. The firm has a 50 day simple moving average of $67.90 and a 200 day simple moving average of $67.56. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05.

Ferrovial (NASDAQ:FER) last released its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter. On average, research analysts anticipate that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

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.