85,920 Ferrovial SE $FER Shares Bought by M&G PLC

Key Points

• M&G PLC increased its Ferrovial stake by 16%, buying 85,920 shares in the third quarter to reach 623,268 shares, valued at about $33.9 million.
• Analyst sentiment is mixed, but Ferrovial has a consensus Hold rating and an average price target of $70.47.
• Ferrovial announced a special dividend of €0.83 per share, payable December 10 to shareholders of record on November 6.

M&G PLC lifted its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 623,268 shares of the company's stock after purchasing an additional 85,920 shares during the period. M&G PLC owned 0.08% of Ferrovial worth $33,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Groupe la Francaise grew its holdings in Ferrovial by 640.9% during the second quarter. Groupe la Francaise now owns 436,648 shares of the company's stock worth $29,986,000 after purchasing an additional 377,714 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Ferrovial during the second quarter worth approximately $4,915,000. Cooper Investors PTY Ltd. increased its position in Ferrovial by 23.7% during the second quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company's stock worth $8,862,000 after buying an additional 24,783 shares during the last quarter. Cloverfields Capital Group LP bought a new stake in Ferrovial in the first quarter valued at approximately $1,547,000. Finally, NEOS Investment Management LLC raised its stake in Ferrovial by 10.3% in the second quarter. NEOS Investment Management LLC now owns 430,508 shares of the company's stock valued at $29,537,000 after buying an additional 40,329 shares during the period. 22.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mediobanca raised Ferrovial to an "outperform" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lowered Ferrovial from an "overweight" rating to a "neutral" rating in a report on Tuesday, October 6th. Zacks Research upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft downgraded Ferrovial from a "buy" rating to a "hold" rating in a report on Tuesday, October 20th. Finally, Wall Street Zen cut shares of Ferrovial from a "hold" rating to a "sell" rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Ferrovial has a consensus rating of "Hold" and an average price target of $70.47.

Ferrovial Price Performance

Ferrovial stock opened at $61.39 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial SE has a twelve month low of $48.00 and a twelve month high of $74.79. The company's 50-day moving average price is $54.31 and its two-hundred day moving average price is $64.02.

Ferrovial Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 6th will be given a €0.83 dividend. The ex-dividend date of this dividend is Friday, November 6th.

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.

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