XTX Topco Ltd Grows Position in Ferrovial SE (NASDAQ:FER)

Key Points

• XTX Topco Ltd has increased its position in Ferrovial SE's shares by 61.5% during the first quarter, acquiring a total of 14,201 shares worth approximately $638,000.
• Several institutional investors, including Bank of America Corp DE and FMR LLC, have significantly increased their stakes in Ferrovial, reflecting growing confidence in the company's performance.
• Ferrovial has announced a dividend increase to $0.3029 per share, a notable rise from its previous payout of $0.04, highlighting its strong financial position.

XTX Topco Ltd increased its holdings in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 61.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,201 shares of the company's stock after purchasing an additional 5,407 shares during the period. XTX Topco Ltd's holdings in Ferrovial were worth $638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Ferrovial during the fourth quarter worth about $466,000. Orion Portfolio Solutions LLC acquired a new position in Ferrovial during the 4th quarter worth approximately $249,000. Wellington Management Group LLP grew its stake in shares of Ferrovial by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock worth $1,420,000 after acquiring an additional 813 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ferrovial by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 634,487 shares of the company's stock valued at $26,667,000 after purchasing an additional 13,177 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Ferrovial by 4,066.5% in the fourth 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 in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on FER. 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 report on Tuesday, June 24th. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Ferrovial Price Performance

Shares of FER stock traded up $0.56 on Thursday, hitting $52.66. 309,174 shares of the company's stock were exchanged, compared to its average volume of 212,230. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $56.43. The company has a 50 day moving average of $52.13 and a 200 day moving average of $47.98.

Ferrovial Increases Dividend

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

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.