Allianz Asset Management GmbH Acquires 32,023 Shares of Ferrovial SE (NASDAQ:FER)

Key Points

• Allianz Asset Management GmbH increased its stake in Ferrovial SE by 9.5%, acquiring an additional 32,023 shares to reach a total of 367,803 shares valued at approximately $16.36 million.
• Several institutional investors, including BNP Paribas and Jane Street Group LLC, have recently made changes to their positions in Ferrovial, indicating increased interest from the investment community.
• Ferrovial's shares were recently rated with a consensus of "Hold" by analysts, with changes in ratings from BNP Paribas reflecting a shift in sentiment for the stock.

Allianz Asset Management GmbH lifted its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,803 shares of the company's stock after acquiring an additional 32,023 shares during the quarter. Allianz Asset Management GmbH's holdings in Ferrovial were worth $16,361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Ferrovial during the fourth quarter worth $25,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ferrovial during the fourth quarter worth $158,000. Clearbridge Investments LLC acquired a new stake in shares of Ferrovial during the fourth quarter worth $204,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ferrovial by 24.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after purchasing an additional 1,073 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Ferrovial during the fourth quarter worth $228,000. Institutional investors own 22.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FER shares. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Finally, BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Ferrovial presently has an average rating of "Hold".

Ferrovial Stock Up 0.8%

Shares of FER stock traded up $0.44 on Tuesday, hitting $52.56. 24,537 shares of the stock were exchanged, compared to its average volume of 120,255. The business has a 50-day moving average of $52.16 and a 200 day moving average of $47.46. Ferrovial SE has a fifty-two week low of $37.93 and a fifty-two week high of $56.43.

Ferrovial Increases Dividend

The business also recently announced a -- dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were issued a dividend of $0.3029 per share. The ex-dividend date was Friday, May 23rd. This is a positive change from Ferrovial's previous -- dividend of $0.04.

About Ferrovial

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.