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

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Ferrovial in the fourth quarter worth $25,000. Wellington Management Group LLP raised its position in shares of Ferrovial by 2.5% in the fourth quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock worth $1,420,000 after buying an additional 813 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Ferrovial by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after buying an additional 1,059 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ferrovial by 24.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after buying an additional 1,073 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Ferrovial by 14.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company's stock worth $386,000 after buying an additional 1,076 shares in the last quarter. 22.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FER has been the topic of a number of recent analyst reports. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Finally, BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Ferrovial currently has an average rating of "Hold".

Ferrovial Trading Up 0.5%

NASDAQ FER traded up $0.28 during trading hours on Tuesday, reaching $51.87. 239,481 shares of the stock traded hands, compared to its average volume of 126,434. The stock has a 50 day simple moving average of $52.09 and a two-hundred day simple moving average of $47.84. 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 disclosed a -- dividend, which was paid on Wednesday, June 25th. Stockholders 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 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.