Cloverfields Capital Group LP Buys Shares of 23,783 Ferrovial SE $FER

Cloverfields Capital Group LP purchased a new position in Ferrovial SE (NASDAQ:FER) during the 1st quarter, Holdings Channel reports. The fund purchased 23,783 shares of the company’s stock, valued at approximately $1,547,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC grew its position in shares of Ferrovial by 40,717,866.7% during the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after acquiring an additional 21,987,648 shares during the period. Amundi raised its holdings in Ferrovial by 87.0% in the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 shares during the period. TCI Fund Management Ltd. lifted its position in Ferrovial by 6.5% during the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after purchasing an additional 1,269,548 shares in the last quarter. Vanguard Group Inc. lifted its position in Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after purchasing an additional 354,530 shares in the last quarter. Finally, Algebris UK Ltd. purchased a new stake in Ferrovial in the fourth quarter worth about $839,930,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

FER stock opened at $63.30 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial SE has a 1-year low of $50.72 and a 1-year high of $74.79. The business has a 50 day simple moving average of $66.87 and a two-hundred day simple moving average of $67.95.

Ferrovial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FER. Zacks Research raised Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Finally, Citigroup downgraded shares of 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. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $70.47.

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.