Harvest Fund Management Co. Ltd Invests $3.53 Million in Ferrovial SE $FER

Harvest Fund Management Co. Ltd bought a new position in shares of Ferrovial SE (NASDAQ:FER) during the fourth quarter, Holdings Channel.com reports. The fund bought 54,700 shares of the company’s stock, valued at approximately $3,534,000.

A number of other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC raised its position in shares of Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after purchasing an additional 21,987,648 shares during the period. Amundi raised its position in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 shares during the period. Vanguard Group Inc. grew its holdings in Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after buying an additional 354,530 shares in the last quarter. Algebris UK Ltd. bought a new stake in Ferrovial during the fourth quarter worth $839,930,000. Finally, Norges Bank bought a new stake in Ferrovial during the fourth quarter worth $605,204,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on FER. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday. Finally, Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and upped their price target for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Stock Performance

Shares of Ferrovial stock opened at $66.46 on Friday. The stock has a fifty day simple moving average of $68.19 and a 200 day simple moving average of $67.63. Ferrovial SE has a 12-month low of $50.10 and a 12-month high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion during the quarter. Sell-side analysts expect that Ferrovial SE will post 1.44 earnings per share for the current fiscal year.

Ferrovial Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th will be paid a $0.5578 dividend. The ex-dividend date 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.