Ferrovial SE $FER Stock: Maryland State Retirement & Pension System Cuts Position

Maryland State Retirement & Pension System cut its holdings in Ferrovial SE (NASDAQ:FER) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 580,865 shares of the company’s stock after selling 10,224 shares during the period. Maryland State Retirement & Pension System’s holdings in Ferrovial were worth $31,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Ritholtz Wealth Management lifted its holdings in Ferrovial by 28.6% during the third quarter. Ritholtz Wealth Management now owns 12,364 shares of the company’s stock worth $669,000 after acquiring an additional 2,752 shares during the period. Jacobi Capital Management LLC purchased a new position in Ferrovial in the third quarter worth $102,000. 71 West Capital Partners boosted its position in Ferrovial by 1.8% in the third quarter. 71 West Capital Partners now owns 215,389 shares of the company’s stock worth $11,622,000 after purchasing an additional 3,794 shares during the last quarter. M&G PLC boosted its position in Ferrovial by 16.0% in the third quarter. M&G PLC now owns 623,268 shares of the company’s stock worth $33,900,000 after purchasing an additional 85,920 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Ferrovial by 87.1% in the 3rd quarter. Parallel Advisors LLC now owns 855 shares of the company’s stock valued at $46,000 after purchasing an additional 398 shares during the period. 22.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FER shares. Deutsche Bank lowered Ferrovial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Bank of America reissued a “buy” rating on shares of Ferrovial in a report on Monday, September 14th. Zacks Research upgraded shares of Ferrovial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Finally, Mediobanca upgraded shares of Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Trading Up 0.5%

NASDAQ:FER opened at $61.29 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm’s 50 day moving average is $54.43 and its 200 day moving average is $63.96. Ferrovial SE has a 12 month low of $48.00 and a 12 month high of $74.79.

Ferrovial Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 6th will be issued a dividend of €0.83 per share. The ex-dividend date of this dividend is Friday, November 6th.

Ferrovial Company Profile

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects. Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.