Forsta AP Fonden Increases Stock Position in Ferrovial SE (NASDAQ:FER)

Key Points

• Forsta AP Fonden significantly increased its stake in Ferrovial SE by 188.6%, acquiring an additional 52,343 shares, bringing its total holdings to 80,100 shares valued at $3,598,000.
• Recent analyst ratings for Ferrovial included a downgrade from "buy" to "hold" by Wall Street Zen, while BNP Paribas upgraded it from "underperform" to "neutral".
• Ferrovial also declared a increased dividend of $0.3029 per share, up from its previous payment of $0.04, benefiting stockholders of record as of May 23rd.

Forsta AP Fonden grew its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 188.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,100 shares of the company's stock after buying an additional 52,343 shares during the period. Forsta AP Fonden's holdings in Ferrovial were worth $3,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FER. Bank of America Corp DE grew 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 worth $663,374,000 after buying an additional 3,657,704 shares in the last quarter. Barclays PLC grew its stake 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 buying an additional 1,047,513 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Ferrovial by 3.7% in the 4th 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. Vanguard Group Inc. grew its stake in shares of Ferrovial by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock worth $865,748,000 after buying an additional 452,211 shares in the last quarter. Finally, Skye Global Management LP purchased a new position in shares of Ferrovial during the 4th quarter worth about $10,592,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Finally, BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ferrovial currently has a consensus rating of "Hold".

Ferrovial Price Performance

Ferrovial stock traded up $0.20 during trading hours on Friday, hitting $54.85. The company had a trading volume of 313,743 shares, compared to its average volume of 272,123. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43. The company has a 50-day moving average price of $52.42 and a two-hundred day moving average price of $48.41.

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. This is a positive change 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.