Ferrovial SE $FER Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in shares of Ferrovial SE (NASDAQ:FER) by 23.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,815 shares of the company’s stock after selling 8,093 shares during the quarter. Intech Investment Management LLC’s holdings in Ferrovial were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Ferrovial by 40,717,866.7% during the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after buying an additional 21,987,648 shares during the period. Algebris UK Ltd. acquired a new stake in Ferrovial in the 4th quarter valued at $839,930,000. Amundi grew its stake in Ferrovial by 87.0% in the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after acquiring an additional 10,016,475 shares during the period. Credit Agricole S A purchased a new stake in Ferrovial in the 3rd quarter worth $343,371,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in Ferrovial in the 3rd quarter worth $175,868,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FER has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday. Zacks Research raised 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 research report on Monday, March 9th. Finally, Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ferrovial presently has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Stock Up 0.1%

NASDAQ FER opened at $66.46 on Friday. The business has a fifty day moving average price of $68.19 and a 200 day moving average price of $67.63. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79. 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 (NASDAQ:FER) last announced its earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion for the quarter. On average, equities research analysts forecast that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. 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.