ASR Vermogensbeheer N.V. Invests $9.98 Million 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 Ferrovial SE (NASDAQ:FER - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 224,316 shares of the company's stock, valued at approximately $9,978,000.

A number of other institutional investors also recently made changes to their positions in FER. Bank of New York Mellon Corp increased its stake in shares of Ferrovial by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock worth $50,076,000 after acquiring an additional 14,821 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Ferrovial during the fourth quarter valued at approximately $234,000. Assenagon Asset Management S.A. lifted its holdings in shares of Ferrovial by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock valued at $1,339,000 after purchasing an additional 1,059 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ferrovial in the 4th quarter worth approximately $466,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ferrovial by 24.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after buying an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Stock Up 0.4%

FER stock opened at $52.10 on Thursday. The stock's 50 day simple moving average is $52.09 and its 200 day simple moving average is $47.87. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $56.43.

Ferrovial Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Investors 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.

Analyst Ratings Changes

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

Ferrovial 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.

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