The Manufacturers Life Insurance Company Sells 53,275 Shares of Ferrovial SE $FER

The Manufacturers Life Insurance Company decreased its stake in shares of Ferrovial SE (NASDAQ:FER) by 16.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,066 shares of the company’s stock after selling 53,275 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ferrovial were worth $16,842,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FER. Signaturefd LLC raised its position in Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after buying an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after acquiring an additional 262 shares in the last quarter. Blue Trust Inc. boosted its holdings in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after acquiring an additional 450 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after acquiring an additional 687 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Ferrovial in the 3rd quarter worth $66,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Down 0.0%

FER stock opened at $65.10 on Friday. The stock’s fifty day simple moving average is $66.43 and its two-hundred day simple moving average is $67.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.05. Ferrovial SE has a 1-year low of $50.72 and a 1-year high of $74.79.

Ferrovial Dividend Announcement

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

Wall Street Analysts Forecast Growth

FER has been the topic of a number of recent analyst reports. Zacks Research raised shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ferrovial has a consensus rating of “Hold” and an average price target of $70.47.

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.