SG Americas Securities LLC Lowers Stock Position in Ferrovial SE $FER

SG Americas Securities LLC reduced its holdings in shares of Ferrovial SE (NASDAQ:FER) by 18.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 249,529 shares of the company’s stock after selling 54,925 shares during the period. SG Americas Securities LLC’s holdings in Ferrovial were worth $16,232,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FER. Lazard Asset Management LLC raised its holdings in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after buying an additional 21,987,648 shares during the last quarter. Amundi grew its holdings in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after buying an additional 10,016,475 shares during the last quarter. TCI Fund Management Ltd. grew its holdings in shares of Ferrovial by 6.5% during the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock worth $1,348,163,000 after buying an additional 1,269,548 shares during the last quarter. Vanguard Group Inc. increased its position in Ferrovial by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after acquiring an additional 354,530 shares during the period. Finally, Algebris UK Ltd. acquired a new position in Ferrovial in the 4th quarter valued at about $839,930,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ferrovial Trading Up 1.0%

Shares of NASDAQ:FER opened at $70.20 on Friday. Ferrovial SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The firm’s 50-day simple moving average is $68.56 and its 200-day simple moving average is $68.01.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 billion for the quarter. As a group, equities analysts predict that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were issued 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.