Profund Advisors LLC Acquires Shares of 57,784 Ferrovial SE $FER

Profund Advisors LLC acquired a new stake in Ferrovial SE (NASDAQ:FER) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 57,784 shares of the company’s stock, valued at approximately $3,733,000.

A number of other institutional investors also recently added to or reduced their stakes in FER. Royal Bank of Canada boosted its holdings in Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ferrovial by 880.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after purchasing an additional 18,809 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Ferrovial in the 2nd quarter valued at approximately $310,000. Finally, Marshall Wace LLP boosted its holdings in Ferrovial by 481.5% in the 2nd quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock valued at $8,934,000 after purchasing an additional 138,098 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Down 3.3%

Shares of NASDAQ:FER opened at $64.99 on Wednesday. The business’s 50 day simple moving average is $67.36 and its 200-day simple moving average is $67.28. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05. Ferrovial SE has a 12 month low of $50.10 and a 12 month high of $74.79.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter.

Ferrovial Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and increased their target price for the company from $70.42 to $70.93 in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.12.

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.