Clearbridge Investments LLC Has $191.47 Million Stock Position in Ferrovial SE $FER

Clearbridge Investments LLC reduced its stake in Ferrovial SE (NASDAQ:FER) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,963,444 shares of the company’s stock after selling 333,232 shares during the quarter. Clearbridge Investments LLC’s holdings in Ferrovial were worth $191,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AlphaCore Capital LLC increased its position in shares of Ferrovial by 3.2% during the fourth quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after buying an additional 197 shares during the period. Drive Wealth Management LLC increased its position in shares of Ferrovial by 5.4% during the fourth quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after buying an additional 203 shares during the period. ProShare Advisors LLC increased its position in shares of Ferrovial by 0.4% during the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after buying an additional 206 shares during the period. Hancock Whitney Corp increased its position in shares of Ferrovial by 1.6% during the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after buying an additional 230 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after buying an additional 246 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FER shares. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and increased their price objective for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $66.81 on Monday. Ferrovial SE has a 12-month low of $50.10 and a 12-month high of $74.79. The company’s fifty day simple moving average is $68.25 and its 200 day simple moving average is $67.65. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $3.19 billion during the quarter. On average, equities analysts predict that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

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

Ferrovial 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.