Triasima Portfolio Management inc. Raises Stake in Ferrovial SE $FER

Triasima Portfolio Management inc. lifted its position in shares of Ferrovial SE (NASDAQ:FER) by 178.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,550 shares of the company’s stock after purchasing an additional 77,965 shares during the period. Ferrovial comprises approximately 1.1% of Triasima Portfolio Management inc.’s portfolio, making the stock its 29th largest position. Triasima Portfolio Management inc.’s holdings in Ferrovial were worth $7,123,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Ferrovial in the second quarter valued at $498,625,000. Vanguard Group Inc. raised its position in shares of Ferrovial by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 19,957,338 shares of the company’s stock worth $1,064,584,000 after acquiring an additional 601,503 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Ferrovial by 1.9% during the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock worth $1,348,444,000 after purchasing an additional 472,349 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Ferrovial in the second quarter valued at approximately $15,097,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Ferrovial by 144.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 454,483 shares of the company’s stock valued at $24,238,000 after purchasing an additional 268,774 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Down 1.5%

NASDAQ:FER opened at $67.21 on Tuesday. Ferrovial SE has a 1-year low of $40.46 and a 1-year high of $68.54. The firm’s fifty day moving average price is $65.69 and its 200 day moving average price is $60.01.

Ferrovial Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a dividend of $0.077 per share. The ex-dividend date of this dividend was Friday, December 5th.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FER shares. Citigroup reiterated a “buy” rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday, October 8th. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

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.