Norges Bank Invests $605.20 Million in Ferrovial SE $FER

Norges Bank purchased a new position in shares of Ferrovial SE (NASDAQ:FER) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,321,199 shares of the company’s stock, valued at approximately $605,204,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new position in Ferrovial in the 4th quarter valued at $10,000,000. Fisher Asset Management LLC boosted its holdings in Ferrovial by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock valued at $31,540,000 after purchasing an additional 41,783 shares during the period. Korea Investment CORP boosted its holdings in Ferrovial by 34.3% in the 3rd quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock valued at $18,197,000 after purchasing an additional 81,016 shares during the period. Hudson Bay Capital Management LP bought a new stake in Ferrovial in the 3rd quarter valued at $1,895,000. Finally, Bank of Italy bought a new stake in Ferrovial in the 3rd quarter valued at $126,229,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on FER shares. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.30 to $70.00 in a report on Wednesday. Weiss Ratings downgraded shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and increased their price target for the company from $70.42 to $70.93 in a report on Monday, March 9th. Finally, Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Price Performance

NASDAQ:FER opened at $68.01 on Monday. The company has a 50-day moving average of $67.90 and a 200-day moving average of $67.56. Ferrovial SE has a 52 week low of $50.10 and a 52 week high of $74.79. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter. As a group, research analysts forecast that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

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.