AMF Tjanstepension AB Buys Shares of 138,773 Ferrovial SE (NASDAQ:FER)

Key Points

• AMF Tjanstepension AB has made a significant investment in Ferrovial SE, acquiring 138,773 shares valued at approximately $6.17 million.
• The firm announced an increase in its dividend, paying $0.3029 per share, a boost from the previous $0.04 dividend.
• Wall Street analysts have mixed ratings on Ferrovial, with the stock currently holding an average rating of "Hold" based on various upgrades and downgrades from firms like BNP Paribas and Morgan Stanley.

AMF Tjanstepension AB acquired a new position in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 138,773 shares of the company's stock, valued at approximately $6,173,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FER. Bank of New York Mellon Corp lifted its position in shares of Ferrovial by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock valued at $50,076,000 after acquiring an additional 14,821 shares during the period. Townsquare Capital LLC bought a new stake in Ferrovial during the fourth quarter worth about $234,000. Assenagon Asset Management S.A. grew its stake in Ferrovial by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after buying an additional 1,059 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ferrovial by 24.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock valued at $225,000 after buying an additional 1,073 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Ferrovial during the 4th quarter worth approximately $228,000. 22.28% of the stock is owned by institutional investors.

Ferrovial Stock Up 0.6%

NASDAQ FER traded up $0.34 during trading on Monday, hitting $52.84. 310,946 shares of the company's stock were exchanged, compared to its average volume of 225,957. Ferrovial SE has a fifty-two week low of $37.93 and a fifty-two week high of $56.43. The stock's 50 day moving average price is $52.17 and its two-hundred day moving average price is $48.17.

Ferrovial Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FER. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ferrovial presently has an average rating of "Hold".

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.