Neuberger Berman Group LLC Cuts Holdings in Ferrovial SE $FER

Neuberger Berman Group LLC reduced its position in Ferrovial SE (NASDAQ:FER) by 0.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 780,360 shares of the company’s stock after selling 4,455 shares during the period. Neuberger Berman Group LLC’s holdings in Ferrovial were worth $41,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new stake in Ferrovial in the 2nd quarter worth approximately $83,000. Banque Cantonale Vaudoise bought a new stake in Ferrovial in the first quarter worth $150,000. Earned Wealth Advisors LLC purchased a new stake in Ferrovial during the second quarter valued at $240,000. Simon Quick Advisors LLC bought a new position in Ferrovial during the second quarter valued at $274,000. Finally, SG Americas Securities LLC lifted its position in Ferrovial by 93.4% during the second quarter. SG Americas Securities LLC now owns 6,830 shares of the company’s stock valued at $366,000 after purchasing an additional 3,298 shares during the last quarter. 22.28% of the stock is owned by institutional investors.

Ferrovial Price Performance

Shares of FER opened at $65.77 on Friday. The firm has a fifty day moving average price of $61.92 and a 200-day moving average price of $56.10. Ferrovial SE has a 12-month low of $40.07 and a 12-month high of $66.00.

Ferrovial Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, October 27th were issued a $0.4769 dividend. The ex-dividend date was Monday, October 27th.

Analyst Ratings Changes

A number of research firms have recently weighed in on FER. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Ferrovial Company Profile

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.