Groupama Asset Managment Invests $566,000 in Ferrovial SE $FER

Key Points

• Groupama Asset Management has invested approximately $566,000 in Ferrovial SE, acquiring 13,551 shares during the 1st quarter.
• Ferrovial recently announced an increase in its dividend payout to $0.3029 per share, up from the previous $0.04.
• Analysts have varying ratings on Ferrovial, with BNP Paribas upgrading it from "strong sell" to "hold" and Morgan Stanley maintaining an "overweight" rating.

Groupama Asset Managment bought a new position in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 13,551 shares of the company's stock, valued at approximately $566,000.

Several other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC grew its position in shares of Ferrovial by 0.8% during the 1st quarter. Hsbc Holdings PLC now owns 24,913,875 shares of the company's stock worth $1,107,414,000 after buying an additional 196,985 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Ferrovial by 43.7% during the 1st quarter. Wellington Management Group LLP now owns 48,530 shares of the company's stock valued at $2,159,000 after purchasing an additional 14,756 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Ferrovial by 35.2% during the 1st quarter. Korea Investment CORP now owns 535,818 shares of the company's stock valued at $23,835,000 after purchasing an additional 139,631 shares in the last quarter. Partners Group Holding AG lifted its holdings in shares of Ferrovial by 2.3% during the 1st quarter. Partners Group Holding AG now owns 814,168 shares of the company's stock valued at $36,620,000 after purchasing an additional 18,439 shares in the last quarter. Finally, Maple Brown Abbott Ltd bought a new position in shares of Ferrovial during the 1st quarter valued at about $152,224,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FER has been the topic of several recent analyst reports. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ferrovial currently has a consensus rating of "Hold".

Ferrovial Trading Up 0.2%

Shares of Ferrovial stock traded up $0.11 on Tuesday, reaching $54.72. 118,556 shares of the company were exchanged, compared to its average volume of 149,199. Ferrovial SE has a one year low of $37.93 and a one year high of $56.43. The company has a 50-day moving average of $52.87 and a 200 day moving average of $49.01.

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.