Thornburg Investment Management Inc. Boosts Stake 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. grew its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,711,361 shares of the company's stock after acquiring an additional 16,180 shares during the period. Ferrovial accounts for 1.1% of Thornburg Investment Management Inc.'s holdings, making the stock its 23rd biggest holding. Thornburg Investment Management Inc. owned about 0.23% of Ferrovial worth $76,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

FER has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of 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 upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Ferrovial Trading Up 0.2%

Shares of NASDAQ FER traded up $0.08 during midday trading on Friday, reaching $51.18. The company had a trading volume of 351,137 shares, compared to its average volume of 176,572. The business's 50-day simple moving average is $52.10 and its 200 day simple moving average is $47.68. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43.

Ferrovial Increases Dividend

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

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.