Maryland State Retirement & Pension System Cuts Holdings in Ferrovial SE $FER

Maryland State Retirement & Pension System lessened its stake in Ferrovial SE (NASDAQ:FER) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,340 shares of the company’s stock after selling 33,722 shares during the period. Ferrovial makes up about 0.7% of Maryland State Retirement & Pension System’s holdings, making the stock its 26th biggest holding. Maryland State Retirement & Pension System owned 0.07% of Ferrovial worth $35,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew its stake in Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after buying an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Ferrovial by 80.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after buying an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after buying an additional 364 shares in the last quarter. Larson Financial Group LLC grew its stake in Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after buying an additional 687 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in Ferrovial in the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

Shares of Ferrovial stock opened at $69.59 on Wednesday. Ferrovial SE has a 52-week low of $50.10 and a 52-week high of $74.79. The company has a fifty day moving average of $68.59 and a 200-day moving average of $67.81. 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 (NASDAQ:FER) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion during the quarter. Equities analysts forecast that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Zacks Research raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.47.

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.