Thrivent Financial for Lutherans Increases Stock Position in Ferrovial SE $FER

Thrivent Financial for Lutherans boosted its stake in Ferrovial SE (NASDAQ:FER) by 121.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,267 shares of the company’s stock after purchasing an additional 214,543 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of Ferrovial worth $25,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after acquiring an additional 364 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after acquiring an additional 687 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Ferrovial during the third quarter worth approximately $66,000. Finally, Credit Industriel ET Commercial purchased a new position in shares of Ferrovial during the third quarter worth approximately $72,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FER shares. Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price target for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Weiss Ratings downgraded shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ferrovial presently has an average rating of “Hold” and an average target price of $73.12.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $66.89 on Monday. 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 52 week low of $50.07 and a 52 week high of $74.79. The firm’s fifty day moving average is $67.39 and its 200 day moving average is $67.24.

Ferrovial (NASDAQ:FER) last issued its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion during the quarter.

Ferrovial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be issued a $0.5578 dividend. The ex-dividend date is Tuesday, May 19th.

About Ferrovial

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.