ASR Vermogensbeheer N.V. Acquires New Holdings in Ferrovial SE (NASDAQ:FER)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $9.98 million in Ferrovial SE, acquiring 224,316 shares in the 1st quarter of the year.
• Ferrovial recently increased its dividend to $0.3029 per share, up from $0.04, signaling a positive financial outlook.
• A number of brokerages have adjusted their ratings on Ferrovial, with Morgan Stanley maintaining an "overweight" rating, while others have shifted from "sell" to "hold."

ASR Vermogensbeheer N.V. bought a new position in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 224,316 shares of the company's stock, valued at approximately $9,978,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FER. FMR LLC increased its position in shares of Ferrovial by 4,066.5% during the 4th quarter. FMR LLC now owns 6,171,067 shares of the company's stock valued at $259,527,000 after purchasing an additional 6,022,956 shares during the last quarter. Bank of America Corp DE boosted its stake in Ferrovial by 30.2% during the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after buying an additional 3,657,704 shares during the period. Barclays PLC increased its position in Ferrovial by 30.5% during the fourth quarter. Barclays PLC now owns 4,487,124 shares of the company's stock valued at $188,593,000 after acquiring an additional 1,047,513 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Ferrovial by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company's stock valued at $1,041,137,000 after acquiring an additional 885,460 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Ferrovial by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock worth $865,748,000 after acquiring an additional 452,211 shares during the last quarter. Institutional investors own 22.28% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ferrovial Stock Performance

Shares of NASDAQ:FER traded up $0.30 during trading on Monday, reaching $52.80. 98,361 shares of the company were exchanged, compared to its average volume of 129,262. The business's fifty day simple moving average is $52.16 and its 200-day simple moving average is $48.10. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $56.43.

Ferrovial Increases Dividend

The company also recently announced 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. This is a boost from Ferrovial's previous -- dividend of $0.04. The ex-dividend date of this dividend was Friday, May 23rd.

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.