Bank of New York Mellon Corp Buys 14,821 Shares of Ferrovial SE (NASDAQ:FER)

Bank of New York Mellon Corp grew its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,114,780 shares of the company's stock after purchasing an additional 14,821 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.15% of Ferrovial worth $50,076,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FER. Townsquare Capital LLC purchased a new stake in shares of Ferrovial during the fourth quarter valued at approximately $234,000. Assenagon Asset Management S.A. increased its position 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 acquiring an additional 1,059 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ferrovial in the fourth quarter worth $466,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ferrovial by 24.6% in the fourth 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. Finally, Norges Bank purchased a new stake in Ferrovial in the fourth quarter worth $440,665,000. Institutional investors own 22.28% of the company's stock.

Ferrovial Trading Up 0.5%

FER stock traded up $0.25 during mid-day trading on Friday, hitting $52.57. 126,830 shares of the stock were exchanged, compared to its average volume of 79,133. The business has a fifty day moving average price of $51.46 and a 200 day moving average price of $46.59. 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 declared a -- dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.3029 per share. The ex-dividend date was Friday, May 23rd. This is a positive change from Ferrovial's previous -- dividend of $0.04.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley reissued 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 report on Tuesday, June 24th. Finally, BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

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.