Citigroup Inc. Acquires 70,197 Shares of 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. increased its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,546,672 shares of the company's stock after buying an additional 70,197 shares during the quarter. Citigroup Inc. owned about 1.15% of Ferrovial worth $380,178,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. AMF Tjanstepension AB purchased a new position in shares of Ferrovial in the 1st quarter worth $6,173,000. Altfest L J & Co. Inc. purchased a new position in shares of Ferrovial in the 1st quarter worth $783,000. Deutsche Bank AG boosted its stake in shares of Ferrovial by 3.2% in the 1st quarter. Deutsche Bank AG now owns 2,620,437 shares of the company's stock worth $117,710,000 after buying an additional 81,516 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ferrovial by 43.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,195 shares of the company's stock worth $1,446,000 after buying an additional 9,698 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of Ferrovial in the 1st quarter worth $9,978,000. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Price Performance

NASDAQ:FER traded down $0.16 on Friday, reaching $52.50. 240,249 shares of the company's stock traded hands, compared to its average volume of 220,286. The stock has a 50-day simple moving average of $52.16 and a 200-day simple moving average of $48.10. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $56.43.

Ferrovial Increases Dividend

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

Analyst Upgrades and Downgrades

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