Ferrovial SE (NASDAQ:FER) Shares Sold by Exane Asset Management

Exane Asset Management reduced its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 97.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,948 shares of the company's stock after selling 333,608 shares during the period. Ferrovial comprises 0.2% of Exane Asset Management's holdings, making the stock its 16th biggest position. Exane Asset Management's holdings in Ferrovial were worth $353,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its stake in shares of Ferrovial by 6.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 23,907 shares of the company's stock valued at $1,071,000 after purchasing an additional 1,390 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $50,076,000 after purchasing an additional 14,821 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 1,076 shares during the period. Sterling Investment Management LLC acquired a new position in shares of Ferrovial in the 1st quarter valued at $886,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Ferrovial by 3.6% in the 1st 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 period. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BNP Paribas Exane upgraded 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 research report on Tuesday, June 24th. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Ferrovial Stock Performance

NASDAQ:FER traded up $0.25 during trading hours on Friday, reaching $52.57. 126,830 shares of the company were exchanged, compared to its average volume of 78,898. The stock's 50-day moving average is $51.46 and its 200-day moving average is $46.57. Ferrovial SE has a twelve month low of $37.93 and a twelve month high of $56.43.

Ferrovial Increases Dividend

The business 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 a boost from Ferrovial's previous -- dividend of $0.04.

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.