Cooper Investors PTY Ltd. Increases Holdings in Ferrovial SE $FER

Cooper Investors PTY Ltd. boosted its stake in shares of Ferrovial SE (NASDAQ:FER) by 23.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,165 shares of the company’s stock after acquiring an additional 24,783 shares during the quarter. Ferrovial accounts for 4.1% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 10th largest position. Cooper Investors PTY Ltd.’s holdings in Ferrovial were worth $8,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of Ferrovial by 40,717,866.7% in the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after purchasing an additional 21,987,648 shares in the last quarter. Algebris UK Ltd. bought a new position in Ferrovial during the 4th quarter valued at about $839,930,000. Amundi lifted its holdings in Ferrovial by 87.0% during the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares during the last quarter. Norges Bank acquired a new position in Ferrovial in the fourth quarter valued at about $605,204,000. Finally, Credit Agricole S A acquired a new position in Ferrovial in the third quarter valued at about $343,371,000. 22.28% of the stock is owned by institutional investors.

Ferrovial Stock Performance

FER stock opened at $66.52 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20. Ferrovial SE has a twelve month low of $51.50 and a twelve month high of $74.79. The business has a fifty day moving average of $66.35 and a 200-day moving average of $67.78.

Ferrovial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FER. Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average 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.