Mackenzie Financial Corp Has $3.54 Million Stock Holdings in Ferrovial SE (NASDAQ:FER)

Mackenzie Financial Corp boosted its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,106 shares of the company's stock after acquiring an additional 8,116 shares during the period. Mackenzie Financial Corp's holdings in Ferrovial were worth $3,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Ferrovial in the 4th quarter valued at $440,665,000. Banco Santander S.A. bought a new position in shares of Ferrovial in the 4th quarter valued at $310,316,000. FMR LLC increased its stake in shares of Ferrovial by 4,066.5% in the 4th quarter. FMR LLC now owns 6,171,067 shares of the company's stock valued at $259,527,000 after purchasing an additional 6,022,956 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after purchasing an additional 3,657,704 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Ferrovial by 40.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company's stock valued at $197,517,000 after purchasing an additional 1,326,065 shares during the last quarter. Institutional investors own 22.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Ferrovial from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Ferrovial Trading Down 1.1%

FER stock traded down $0.55 during midday trading on Friday, reaching $50.97. 94,651 shares of the stock were exchanged, compared to its average volume of 64,311. Ferrovial SE has a 52 week low of $37.92 and a 52 week high of $56.43. The company has a fifty day moving average price of $47.59 and a 200 day moving average price of $44.37.

Ferrovial Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a dividend of $0.3029 per share. The ex-dividend date is 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.