159,407 Shares in Ferrovial SE $FER Bought by SEB Asset Management AB

SEB Asset Management AB bought a new position in shares of Ferrovial SE (NASDAQ:FER) in the first quarter, Holdings Channel reports. The firm bought 159,407 shares of the company’s stock, valued at approximately $10,179,000.

Several other hedge funds have also made changes to their positions in the stock. Swiss National Bank increased its position in shares of Ferrovial by 26.8% during the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after purchasing an additional 375,590 shares during the period. Maryland State Retirement & Pension System boosted its stake in Ferrovial by 7.2% during the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock worth $38,012,000 after buying an additional 39,694 shares in the last quarter. J. Safra Sarasin Holding AG boosted its stake in Ferrovial by 1.9% during the first quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock worth $68,623,000 after buying an additional 20,101 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Ferrovial in the 1st quarter valued at $559,000. Finally, Harrison Street Private Wealth LLC bought a new stake in Ferrovial in the 1st quarter valued at $3,226,000. Institutional investors own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Finally, Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ferrovial has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Trading Down 0.2%

Shares of NASDAQ FER opened at $63.45 on Tuesday. Ferrovial SE has a 1 year low of $50.72 and a 1 year high of $74.79. The firm’s 50-day moving average is $67.15 and its 200-day moving average is $67.97. 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 Announces Dividend

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