Goodman Advisory Group LLC Takes Position in Ferrovial SE $FER

Goodman Advisory Group LLC bought a new stake in Ferrovial SE (NASDAQ:FER) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,032 shares of the company’s stock, valued at approximately $2,799,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FER. Signaturefd LLC raised its stake in Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after buying an additional 501 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after acquiring an additional 364 shares during the period. Blue Trust Inc. boosted its stake in shares of Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after acquiring an additional 450 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after acquiring an additional 687 shares during the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Down 2.6%

Ferrovial stock opened at $68.35 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. Ferrovial SE has a 12 month low of $50.72 and a 12 month high of $74.79. The stock’s 50 day moving average is $68.50 and its 200-day moving average is $68.01.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $3.19 billion for the quarter. As a group, sell-side analysts expect that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

Analyst Ratings Changes

FER has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Zacks Research raised shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Ferrovial presently has a consensus rating of “Hold” and an average price target of $70.47.

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.