Miller Howard Investments Inc. NY Takes Position in Ferrovial SE $FER

Miller Howard Investments Inc. NY bought a new stake in shares of Ferrovial SE (NASDAQ:FER) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 69,721 shares of the company’s stock, valued at approximately $4,535,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Athena Wealth Management LLC raised its position in Ferrovial by 10.9% in the first quarter. Athena Wealth Management LLC now owns 4,684 shares of the company’s stock valued at $305,000 after purchasing an additional 462 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ferrovial in the fourth quarter worth about $140,000. Groupama Asset Managment boosted its position in shares of Ferrovial by 2.6% in the fourth quarter. Groupama Asset Managment now owns 11,878 shares of the company’s stock worth $767,000 after buying an additional 302 shares during the period. Compound Planning Inc. grew its stake in shares of Ferrovial by 11.0% in the fourth quarter. Compound Planning Inc. now owns 6,990 shares of the company’s stock valued at $452,000 after buying an additional 695 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Ferrovial by 491.5% in the fourth quarter. Invesco Ltd. now owns 4,478,451 shares of the company’s stock valued at $289,353,000 after buying an additional 3,721,377 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FER has been the topic of several analyst reports. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Stock Down 1.1%

Shares of Ferrovial stock opened at $70.01 on Wednesday. Ferrovial SE has a 1-year low of $50.72 and a 1-year high of $74.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. The business has a 50-day moving average of $68.64 and a 200-day moving average of $67.95.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion during the quarter. On average, sell-side analysts anticipate that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

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.