Bank of New York Mellon Corp Purchases 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% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,114,780 shares of the company's stock after buying an additional 14,821 shares during the period. Bank of New York Mellon Corp owned 0.15% of Ferrovial worth $50,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FER. BNP Paribas Financial Markets bought a new position in shares of Ferrovial in the 4th quarter worth about $25,000. Charles Schwab Investment Management Inc. increased its holdings in Ferrovial by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company's stock worth $946,000 after purchasing an additional 738 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Ferrovial by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock worth $1,420,000 after buying an additional 813 shares during the period. Assenagon Asset Management S.A. boosted its stake in Ferrovial by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after acquiring an additional 1,059 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 purchasing an additional 1,073 shares during the period. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FER. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Wall Street Zen lowered Ferrovial from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Ferrovial Price Performance

NASDAQ FER traded up $0.84 during trading hours on Wednesday, hitting $52.84. The company's stock had a trading volume of 165,397 shares, compared to its average volume of 116,474. Ferrovial SE has a 52 week low of $37.93 and a 52 week high of $56.43. The company's 50-day simple moving average is $51.57 and its two-hundred day simple moving average is $46.73.

Ferrovial Increases Dividend

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

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.