10,224 Ferrovial SE $FER Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its holdings in shares of Ferrovial SE (NASDAQ:FER) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 580,865 shares of the company’s stock after selling 10,224 shares during the quarter. Maryland State Retirement & Pension System owned 0.08% of Ferrovial worth $31,271,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its stake in shares of Ferrovial by 84.5% in the third quarter. Salomon & Ludwin LLC now owns 546 shares of the company’s stock valued at $30,000 after buying an additional 250 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Ferrovial by 32.7% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock worth $60,000 after acquiring an additional 272 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Ferrovial by 87.1% during the third quarter. Parallel Advisors LLC now owns 855 shares of the company’s stock worth $46,000 after acquiring an additional 398 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Ferrovial by 172.3% during the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after acquiring an additional 436 shares in the last quarter. Finally, Groupama Asset Managment raised its holdings in shares of Ferrovial by 4.2% in the 1st quarter. Groupama Asset Managment now owns 12,377 shares of the company’s stock worth $805,000 after acquiring an additional 499 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Trading Up 0.5%

NASDAQ FER opened at $61.29 on Thursday. Ferrovial SE has a 1 year low of $48.00 and a 1 year high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $54.43 and a 200-day moving average price of $63.96.

Ferrovial Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 6th will be issued a dividend of €0.83 per share. The ex-dividend date is Friday, November 6th.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FER. Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Mediobanca raised Ferrovial to an “outperform” rating in a research note on Wednesday, August 19th. Finally, Bank of America reissued a “buy” rating on shares of Ferrovial in a research note on Monday, September 14th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Company Profile

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects. Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.