17,428 Shares in Ferrovial SE (NASDAQ:FER) Purchased by Altfest L J & Co. Inc.

Key Points

• Altfest L J & Co. Inc. invested $783,000 in Ferrovial SE, acquiring a stake of 17,428 shares during the first quarter, highlighting growing institutional interest in the company.
• Ferrovial recently increased its dividend to $0.3029 per share from a previous $0.04, indicating a positive outlook on its cash flow and profitability.
• Several analysts have made recent rating adjustments on Ferrovial, with Wall Street Zen downgrading it from "buy" to "hold," while BNP Paribas made upgrades, reflecting mixed sentiments on the company's stock performance.

Altfest L J & Co. Inc. purchased a new position in Ferrovial SE (NASDAQ:FER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,428 shares of the company's stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FER. BNP Paribas Financial Markets purchased a new stake in shares of Ferrovial during the 4th quarter valued at approximately $25,000. Wellington Management Group LLP lifted its stake in shares of Ferrovial by 2.5% in the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock valued at $1,420,000 after purchasing an additional 813 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Ferrovial by 3.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after purchasing an additional 1,059 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ferrovial by 24.6% during the 4th 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 last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Ferrovial by 14.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company's stock valued at $386,000 after buying an additional 1,076 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ferrovial currently has an average rating of "Hold".

Ferrovial Stock Performance

Shares of FER stock traded up $0.77 on Tuesday, reaching $53.61. 208,493 shares of the stock were exchanged, compared to its average volume of 131,367. Ferrovial SE has a twelve month low of $37.93 and a twelve month high of $56.43. The business's 50 day moving average price is $52.17 and its 200 day moving average price is $48.17.

Ferrovial Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were given a dividend of $0.3029 per share. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Ferrovial's previous -- dividend of $0.04.

Ferrovial Company 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.