Ferrovial SE $FER Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich reduced its Ferrovial stake by 90.5% in the third quarter, selling 100,327 shares and retaining 10,497 shares worth about $567,000.
• Other institutional investors made mixed moves: Amundi, Groupe la Française, Swiss National Bank, and Vantage Investment Partners increased holdings, while Mirae Asset Global Investments opened a new position. Institutional investors own 22.28% of Ferrovial.
• Analyst opinions are mixed, with a consensus “Hold” rating and an average price target of $70.47. Ferrovial also announced a special dividend of €0.83 per share, payable December 10 to shareholders of record November 6.

Bank Julius Baer & Co. Ltd Zurich cut its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 90.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,497 shares of the company's stock after selling 100,327 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Ferrovial were worth $567,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of FER. Amundi lifted its holdings in Ferrovial by 39.7% in the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock valued at $995,383,000 after acquiring an additional 4,351,267 shares during the last quarter. Groupe la Francaise boosted its position in shares of Ferrovial by 640.9% during the 2nd quarter. Groupe la Francaise now owns 436,648 shares of the company's stock valued at $29,986,000 after purchasing an additional 377,714 shares in the last quarter. Swiss National Bank grew its stake in shares of Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock worth $113,643,000 after purchasing an additional 375,590 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ferrovial in the 3rd quarter worth approximately $18,089,000. Finally, Vantage Investment Partners LLC grew its stake in shares of Ferrovial by 47.6% in the 3rd quarter. Vantage Investment Partners LLC now owns 519,370 shares of the company's stock worth $28,098,000 after purchasing an additional 167,439 shares during the last quarter. Institutional investors own 22.28% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft cut shares of Ferrovial from a "buy" rating to a "hold" rating in a report on Tuesday, October 20th. Kepler Capital Markets cut shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Bank of America restated a "buy" rating on shares of Ferrovial in a research report on Monday, September 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a report on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $70.47.

Ferrovial Trading Up 0.5%

Shares of FER opened at $59.23 on Friday. The business's 50-day moving average price is $54.26 and its 200 day moving average price is $64.09. Ferrovial SE has a 1-year low of $48.00 and a 1-year high of $74.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Ferrovial Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 6th will be issued a €0.83 dividend. The ex-dividend date is Friday, November 6th.

Ferrovial Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial's transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.

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