Vanguard Group Inc. Grows Position in Ferrovial SE (NASDAQ:FER)

Key Points

• Vanguard Group Inc. increased its stake in Ferrovial SE by 2.4%, now owning about 2.61% of the company, worth approximately $865,748,000.
• Ferrovial recently increased its dividend to $0.3029 per share, up from a previous dividend of $0.04, with the payment made on June 25th.
• Analysts currently have an average rating of "Hold" for Ferrovial's stock, with some recent adjustments including a downgrade from "buy" to "hold" by Wall Street Zen.

Vanguard Group Inc. increased its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,355,835 shares of the company's stock after acquiring an additional 452,211 shares during the quarter. Vanguard Group Inc. owned approximately 2.61% of Ferrovial worth $865,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. purchased a new stake in Ferrovial in the 1st quarter worth approximately $1,638,000. Natixis Advisors LLC lifted its position in shares of Ferrovial by 20.9% during the 1st quarter. Natixis Advisors LLC now owns 24,480 shares of the company's stock valued at $1,100,000 after buying an additional 4,234 shares in the last quarter. Thornburg Investment Management Inc. lifted its position in shares of Ferrovial by 1.0% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,711,361 shares of the company's stock valued at $76,874,000 after buying an additional 16,180 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Ferrovial by 61.5% during the 1st quarter. XTX Topco Ltd now owns 14,201 shares of the company's stock valued at $638,000 after buying an additional 5,407 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Ferrovial during the 1st quarter valued at approximately $150,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ferrovial Stock Up 0.4%

Shares of FER traded up $0.23 during midday trading on Friday, reaching $54.88. The company had a trading volume of 210,349 shares, compared to its average volume of 137,574. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43. The firm has a 50 day simple moving average of $52.35 and a 200-day simple moving average of $48.33.

Ferrovial Increases Dividend

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

Ferrovial Company 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.