TD Asset Management Inc Boosts Stock Position in Ferrovial SE (NASDAQ:FER)

Key Points

• TD Asset Management Inc increased its stake in Ferrovial SE by 14.1% during the first quarter, holding 155,636 shares valued at approximately $6.9 million.
• Ferrovial recently raised its dividend payment to $0.3029 per share, a significant increase from the previous $0.04.
• Analysts have mixed ratings on Ferrovial, with some upgrades from firms like BNP Paribas, resulting in a current consensus rating of "Hold."

TD Asset Management Inc increased its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,636 shares of the company's stock after buying an additional 19,257 shares during the quarter. TD Asset Management Inc's holdings in Ferrovial were worth $6,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Hsbc Holdings PLC grew its position in Ferrovial by 3.7% during the fourth quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company's stock worth $1,041,137,000 after buying an additional 885,460 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in shares of Ferrovial by 1.2% during the 4th quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company's stock valued at $812,724,000 after acquiring an additional 238,184 shares in the last quarter. Bank of America Corp DE raised its position in Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after purchasing an additional 3,657,704 shares during the last quarter. FMR LLC raised its position in Ferrovial by 4,066.5% during the 4th quarter. FMR LLC now owns 6,171,067 shares of the company's stock worth $259,527,000 after purchasing an additional 6,022,956 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Ferrovial by 30.5% in the 4th quarter. Barclays PLC now owns 4,487,124 shares of the company's stock worth $188,593,000 after acquiring an additional 1,047,513 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company's stock.

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 firm's fifty day moving average price is $52.10 and its 200-day moving average price is $47.73. Ferrovial SE has a one year low of $37.93 and a one year high of $56.43.

Ferrovial Increases Dividend

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

Analysts Set New Price Targets

FER has been the subject of several research reports. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Four investment 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, Ferrovial has a consensus rating of "Hold".

Ferrovial 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.