Skye Global Management LP Acquires New Shares in Ferrovial SE (NASDAQ:FER)

Skye Global Management LP acquired a new position in Ferrovial SE (NASDAQ:FER) in the fourth quarter, HoldingsChannel reports. The fund acquired 252,000 shares of the company’s stock, valued at approximately $10,592,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Ferrovial by 40.8% in the third quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company’s stock valued at $197,517,000 after purchasing an additional 1,326,065 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Ferrovial by 17.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 22,517 shares of the company’s stock worth $947,000 after buying an additional 3,407 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Ferrovial in the 4th quarter worth approximately $101,000. Jennison Associates LLC raised its stake in shares of Ferrovial by 47.4% during the 4th quarter. Jennison Associates LLC now owns 361,109 shares of the company’s stock worth $15,184,000 after acquiring an additional 116,114 shares in the last quarter. Finally, Optas LLC purchased a new stake in Ferrovial during the fourth quarter valued at approximately $228,000. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Stock Performance

Shares of FER opened at $50.03 on Friday. The company has a 50 day moving average of $45.88 and a two-hundred day moving average of $43.44. Ferrovial SE has a twelve month low of $37.92 and a twelve month high of $56.43.

Ferrovial Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a $0.3029 dividend. This is a boost from Ferrovial’s previous — dividend of $0.04. The ex-dividend date of this dividend is Friday, May 23rd.

Ferrovial Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.