Citigroup Inc. Has $380.18 Million Position in Ferrovial SE (NASDAQ:FER)

Key Points

• Citigroup Inc. increased its stake in Ferrovial SE by 0.8%, owning approximately 8.5 million shares valued at $380 million as reported in its recent SEC filing.
• Ferrovial recently raised its dividend to $0.3029 per share, a significant increase from the previous dividend of $0.04.
• Analysts' ratings for Ferrovial range from "hold" to "buy," with a consensus rating of "hold" according to the latest reports.

Citigroup Inc. boosted its holdings in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,546,672 shares of the company's stock after buying an additional 70,197 shares during the period. Citigroup Inc. owned approximately 1.15% of Ferrovial worth $380,178,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in Ferrovial during the 4th quarter valued at about $25,000. Banque Cantonale Vaudoise purchased a new position in Ferrovial during the first quarter worth $150,000. Tower Research Capital LLC TRC bought a new stake in shares of Ferrovial during the fourth quarter worth $158,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ferrovial by 24.6% during 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 last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Ferrovial during the fourth quarter worth $228,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Stock Performance

FER stock traded up $0.81 during midday trading on Tuesday, hitting $53.65. 249,113 shares of the company's stock were exchanged, compared to its average volume of 131,624. The stock's fifty day moving average price is $52.17 and its 200-day moving average price is $48.17. Ferrovial SE has a one year low of $37.93 and a one year high of $56.43.

Ferrovial Increases Dividend

The company also recently declared a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid 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.

Analysts Set New Price Targets

Several equities research analysts have commented on FER shares. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. BNP Paribas upgraded 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 report on Tuesday, June 24th. Finally, Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold".

About Ferrovial

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.