334,358 Shares of Ferrovial SE $FER Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Ferrovial SE (NASDAQ:FER) during the third quarter, Holdings Channel reports. The institutional investor bought 334,358 shares of the company’s stock, valued at approximately $18,089,000.

A number of other hedge funds have also made changes to their positions in the stock. Amundi boosted its holdings in shares of Ferrovial by 39.7% during the first quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after purchasing an additional 4,351,267 shares during the period. Swiss National Bank increased its stake in Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after buying an additional 375,590 shares during the period. J. Safra Sarasin Holding AG increased its stake in Ferrovial by 1.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock valued at $68,623,000 after buying an additional 20,101 shares during the period. ProShare Advisors LLC increased its stake in Ferrovial by 4.5% in the 3rd quarter. ProShare Advisors LLC now owns 758,817 shares of the company’s stock valued at $41,036,000 after buying an additional 32,683 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in Ferrovial by 7.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock worth $38,012,000 after buying an additional 39,694 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $57.54 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial SE has a 52-week low of $48.00 and a 52-week high of $74.79. The stock has a 50-day simple moving average of $54.35 and a 200-day simple moving average of $64.18.

Ferrovial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of Ferrovial from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 6th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Weiss Ratings downgraded shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Finally, Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.