Pictet Asset Management Holding SA Acquires 15,139 Shares of Ferrovial SE $FER

Pictet Asset Management Holding SA increased its holdings in Ferrovial SE (NASDAQ:FER) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,742 shares of the company’s stock after buying an additional 15,139 shares during the period. Pictet Asset Management Holding SA’s holdings in Ferrovial were worth $34,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Signaturefd LLC increased its stake in Ferrovial by 1,089.1% during the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after acquiring an additional 262 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after acquiring an additional 364 shares during the period. Blue Trust Inc. grew its holdings 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 purchasing an additional 450 shares in the last quarter. Finally, Larson Financial Group LLC grew 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 purchasing an additional 687 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Stock Performance

NASDAQ:FER opened at $68.61 on Wednesday. The company has a 50 day simple moving average of $68.40 and a two-hundred day simple moving average of $68.05. 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 SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79.

Ferrovial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FER. Citigroup cut 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 research report on Wednesday, May 27th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group downgraded shares of 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.47.

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.