TD Asset Management Inc Boosts Position in Ferrovial SE $FER

TD Asset Management Inc grew its holdings in shares of Ferrovial SE (NASDAQ:FER) by 90.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 337,205 shares of the company’s stock after buying an additional 159,926 shares during the period. TD Asset Management Inc’s holdings in Ferrovial were worth $21,873,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FER. Lazard Asset Management LLC increased its stake in shares of Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after buying an additional 21,987,648 shares during the period. Algebris UK Ltd. purchased a new stake in Ferrovial in the fourth quarter worth $839,930,000. Amundi grew its stake in Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 shares during the period. Norges Bank purchased a new stake in Ferrovial in the fourth quarter worth $605,204,000. Finally, Credit Agricole S A purchased a new stake in Ferrovial in the third quarter worth $343,371,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Price Performance

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

Ferrovial (NASDAQ:FER) last released its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion during the quarter. Equities analysts expect that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research raised Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and upped their price target for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Two equities research 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.com, Ferrovial presently has an average rating of “Hold” and an average target price of $70.47.

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.