Maryland State Retirement & Pension System Sells 33,722 Shares of Ferrovial SE $FER

Maryland State Retirement & Pension System reduced its position in shares of Ferrovial SE (NASDAQ:FER) by 5.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 553,340 shares of the company’s stock after selling 33,722 shares during the quarter. Ferrovial makes up approximately 0.7% of Maryland State Retirement & Pension System’s holdings, making the stock its 26th biggest holding. Maryland State Retirement & Pension System’s holdings in Ferrovial were worth $35,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FER. Royal Bank of Canada raised its holdings in Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after buying an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after buying an additional 47,892 shares during the last quarter. Jane Street Group LLC raised its holdings in Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after purchasing an additional 18,809 shares in the last quarter. Quantbot Technologies LP bought a new position in Ferrovial in the 2nd quarter worth $310,000. Finally, Marshall Wace LLP raised its holdings in Ferrovial by 481.5% in the 2nd quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock worth $8,934,000 after purchasing an additional 138,098 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup lowered 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 report on Wednesday, May 27th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Ferrovial has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Up 1.6%

Shares of NASDAQ FER opened at $69.59 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79. The firm has a fifty day simple moving average of $68.59 and a two-hundred day simple moving average of $67.81.

Ferrovial (NASDAQ:FER) last released its earnings results 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. Equities research analysts expect that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were given a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, May 19th.

About Ferrovial

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.