TD Asset Management Inc Buys 159,926 Shares of Ferrovial SE $FER

TD Asset Management Inc increased its holdings in shares of Ferrovial SE (NASDAQ:FER) by 90.2% during the fourth quarter, HoldingsChannel reports. The firm owned 337,205 shares of the company’s stock after buying an additional 159,926 shares during the period. TD Asset Management Inc’s holdings in Ferrovial were worth $21,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after purchasing an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Ferrovial during the third quarter valued at $66,000. 22.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FER has been the topic of a number of research analyst reports. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Zacks Research raised Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group cut 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 report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Performance

Ferrovial stock opened at $66.81 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79. The stock has a fifty day moving average of $68.25 and a 200 day moving average of $67.65.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter. Analysts forecast that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

The company also recently disclosed 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.