Thornburg Investment Management Inc. Increases Position in Ferrovial SE (NASDAQ:FER)

Key Points

• Thornburg Investment Management increased its stake in Ferrovial SE by 1.0% during the first quarter, owning approximately 1.1% of the company's total shares after acquiring an additional 16,180 shares.
• Various hedge funds, including Bank of America Corp DE and FMR LLC, have significantly boosted their positions in Ferrovial, reflecting a growing institutional interest in the company.
• Ferrovial recently declared a dividend of $0.3029 per share, a notable increase from its previous dividend of $0.04, indicating positive financial momentum for the firm.

Thornburg Investment Management Inc. lifted its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,711,361 shares of the company's stock after purchasing an additional 16,180 shares during the quarter. Ferrovial accounts for about 1.1% of Thornburg Investment Management Inc.'s holdings, making the stock its 23rd largest position. Thornburg Investment Management Inc. owned about 0.23% of Ferrovial worth $76,874,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FER. XTX Topco Ltd lifted its holdings in Ferrovial by 61.5% in the 1st quarter. XTX Topco Ltd now owns 14,201 shares of the company's stock worth $638,000 after buying an additional 5,407 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Ferrovial in the 1st quarter worth $150,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ferrovial by 10.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 307,310 shares of the company's stock worth $13,670,000 after buying an additional 29,635 shares during the last quarter. TD Asset Management Inc lifted its position in Ferrovial by 14.1% during the first quarter. TD Asset Management Inc now owns 155,636 shares of the company's stock valued at $6,924,000 after purchasing an additional 19,257 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Ferrovial by 9.5% during the first quarter. Allianz Asset Management GmbH now owns 367,803 shares of the company's stock valued at $16,361,000 after purchasing an additional 32,023 shares in the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ferrovial Stock Performance

Shares of NASDAQ FER traded up $0.08 during trading on Friday, reaching $51.18. 351,137 shares of the company traded hands, compared to its average volume of 124,905. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $56.43. The firm's fifty day simple moving average is $52.12 and its 200 day simple moving average is $47.60.

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 dividend of $0.3029 per share. The ex-dividend date was Friday, May 23rd. This is an increase 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.