Ferrovial SE $FER Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Ferrovial SE (NASDAQ:FER) by 14.8% in the first quarter, HoldingsChannel.com reports. The firm owned 206,854 shares of the company’s stock after selling 36,017 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Ferrovial were worth $13,456,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC raised its position in Ferrovial by 3.2% in the fourth quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock valued at $411,000 after purchasing an additional 197 shares during the period. Drive Wealth Management LLC grew its stake in shares of Ferrovial by 5.4% in the fourth quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock valued at $257,000 after buying an additional 203 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Ferrovial by 3.4% in the 4th quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock valued at $445,000 after buying an additional 226 shares during the period. Hancock Whitney Corp lifted its stake in Ferrovial by 1.6% during the 3rd quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after acquiring an additional 230 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $62.86 on Tuesday. The business’s fifty day simple moving average is $66.71 and its 200-day simple moving average is $67.89. Ferrovial SE has a 12-month low of $50.72 and a 12-month high of $74.79. 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 Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Zacks Research raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Company 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.