Y Intercept Hong Kong Ltd Buys Shares of 25,459 Ferrovial SE $FER

Y Intercept Hong Kong Ltd purchased a new position in shares of Ferrovial SE (NASDAQ:FER) during the third quarter, Holdings Channel.com reports. The fund purchased 25,459 shares of the company’s stock, valued at approximately $1,492,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in Ferrovial during the 3rd quarter worth $66,000. AlphaCore Capital LLC acquired a new position in shares of Ferrovial during the second quarter valued at $83,000. Osaic Holdings Inc. boosted its holdings in shares of Ferrovial by 9,326.3% during the second quarter. Osaic Holdings Inc. now owns 1,791 shares of the company’s stock valued at $96,000 after acquiring an additional 1,772 shares during the period. Ascent Group LLC bought a new position in shares of Ferrovial during the third quarter worth about $207,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Ferrovial in the 3rd quarter worth about $222,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on FER shares. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Citigroup reissued a “buy” rating and issued a $75.30 price target (up previously from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

Ferrovial Trading Down 0.2%

Shares of FER stock opened at $67.99 on Friday. Ferrovial SE has a 1 year low of $40.46 and a 1 year high of $69.82. The business’s fifty day moving average is $66.49 and its 200-day moving average is $60.85.

Ferrovial Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

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.