Ferrovial SE (NASDAQ:FER) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its holdings in shares of Ferrovial SE (NASDAQ:FER) by 57.3% during the 3rd quarter, Holdings Channel reports. The fund owned 3,776,155 shares of the company’s stock after selling 5,074,349 shares during the period. Citigroup Inc.’s holdings in Ferrovial were worth $162,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of FER. Susquehanna International Securities Ltd. bought a new stake in shares of Ferrovial in the 2nd quarter worth approximately $228,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ferrovial in the 3rd quarter worth $296,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Ferrovial during the second quarter worth $307,000. Hancock Whitney Corp purchased a new stake in shares of Ferrovial during the second quarter valued at $352,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Ferrovial in the 2nd quarter valued at $370,000.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $38.76 on Friday. The company has a 50 day moving average price of $40.92. Ferrovial SE has a 52 week low of $35.30 and a 52 week high of $48.29.

Ferrovial Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.4592 per share. This is an increase from Ferrovial’s previous — dividend of $0.33. The ex-dividend date of this dividend is Thursday, November 7th.

About Ferrovial

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.