Legal & General Group Plc Trims Stock Holdings in Ferrovial SE $FER

Legal & General Group Plc decreased its stake in Ferrovial SE (NASDAQ:FER) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,228,970 shares of the company’s stock after selling 319,319 shares during the period. Legal & General Group Plc’s holdings in Ferrovial were worth $404,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in Ferrovial by 114.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,441 shares of the company’s stock worth $93,000 after buying an additional 770 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Ferrovial in the fourth quarter worth about $307,000. Algebris UK Ltd. purchased a new stake in Ferrovial in the fourth quarter worth about $839,930,000. Leonteq Securities AG purchased a new stake in Ferrovial in the fourth quarter worth about $88,000. Finally, Partners Group Holding AG increased its position in Ferrovial by 6.7% in the fourth quarter. Partners Group Holding AG now owns 531,719 shares of the company’s stock worth $34,435,000 after buying an additional 33,156 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and upped their price target for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ferrovial presently has a consensus rating of “Hold” and a consensus target price of $73.12.

Ferrovial Stock Performance

NASDAQ FER opened at $69.40 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $67.66 and a 200-day moving average price of $67.46. Ferrovial SE has a twelve month low of $50.10 and a twelve month high of $74.79.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $3.19 billion during the quarter. Equities analysts predict that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Dividend Announcement

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