Ferrovial SE $FER Holdings Lifted by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in Ferrovial SE (NASDAQ:FER) by 7.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 593,034 shares of the company’s stock after acquiring an additional 39,694 shares during the quarter. Ferrovial accounts for about 0.8% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 25th biggest position. Maryland State Retirement & Pension System’s holdings in Ferrovial were worth $38,012,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new position in Ferrovial during the 4th quarter worth $10,000,000. Hudson Bay Capital Management LP bought a new position in shares of Ferrovial in the third quarter worth $1,895,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ferrovial during the fourth quarter valued at $14,833,000. J. Safra Sarasin Holding AG increased its holdings in shares of Ferrovial by 3.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 1,054,570 shares of the company’s stock valued at $68,544,000 after purchasing an additional 35,232 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Ferrovial during the third quarter valued at about $11,007,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

NASDAQ:FER opened at $63.72 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $67.69 and its 200 day moving average price is $68.01. Ferrovial SE has a 52-week low of $50.72 and a 52-week high of $74.79.

Ferrovial Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.47.

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.