ICICI Prudential Asset Management Co Ltd Purchases New Stake in Ferrovial SE $FER

ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Ferrovial SE (NASDAQ:FER) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,906 shares of the company’s stock, valued at approximately $644,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FER. Amundi lifted its holdings in Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company’s stock valued at $995,383,000 after acquiring an additional 4,351,267 shares during the last quarter. Swiss National Bank grew its position in Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after acquiring an additional 375,590 shares during the period. ProShare Advisors LLC grew its position in Ferrovial by 4.5% in the third quarter. ProShare Advisors LLC now owns 758,817 shares of the company’s stock worth $41,036,000 after acquiring an additional 32,683 shares during the period. M&G PLC increased its stake in Ferrovial by 16.0% during the third quarter. M&G PLC now owns 623,268 shares of the company’s stock worth $33,900,000 after acquiring an additional 85,920 shares during the last quarter. Finally, Groupe la Francaise increased its stake in Ferrovial by 640.9% during the second quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock worth $29,986,000 after acquiring an additional 377,714 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Stock Up 0.8%

NASDAQ FER traded up $0.51 on Friday, reaching $61.68. The stock had a trading volume of 2,548,433 shares, compared to its average volume of 2,805,204. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Ferrovial SE has a 12-month low of $48.00 and a 12-month high of $74.79. The stock has a fifty day moving average price of $54.57 and a two-hundred day moving average price of $63.89.

Ferrovial Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 6th will be paid a €0.83 dividend. The ex-dividend date of this dividend is Friday, November 6th.

Analyst Upgrades and Downgrades

FER has been the topic of a number of research analyst reports. Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered shares of Ferrovial from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 6th. Zacks Research raised shares of Ferrovial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. UBS Group lowered shares of Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen raised shares of Ferrovial from a “sell” rating to a “hold” rating in a research note on Sunday. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.47.

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects. Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.