J. Safra Sarasin Holding AG Cuts Stock Holdings in Ferrovial SE (NASDAQ:FER)

Key Points

• J. Safra Sarasin Holding AG has decreased its stake in Ferrovial SE by 1.6%, now holding approximately 1.1% of its portfolio value at about $63 million.
• Ferrovial announced a dividend increase, declaring $0.3029 per share, up from a previous dividend of $0.04, which was issued to investors of record on May 23rd.
• Recent research reports give Ferrovial a consensus rating of "Hold", with analysts from BNP Paribas upgrading its rating while others have varied from "buy" to "neutral."

J. Safra Sarasin Holding AG lessened its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,419,938 shares of the company's stock after selling 22,723 shares during the quarter. Ferrovial makes up about 1.1% of J. Safra Sarasin Holding AG's portfolio, making the stock its 27th biggest position. J. Safra Sarasin Holding AG owned approximately 0.19% of Ferrovial worth $63,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Ferrovial in the 4th quarter worth $25,000. Banque Cantonale Vaudoise acquired a new position in Ferrovial during the first quarter worth $150,000. Tower Research Capital LLC TRC purchased a new position in Ferrovial during the fourth quarter worth about $158,000. Clearbridge Investments LLC acquired a new position in Ferrovial in the 4th quarter valued at about $204,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ferrovial by 24.6% during the 4th 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 during the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Stock Up 0.4%

Shares of Ferrovial stock traded up $0.19 on Wednesday, hitting $52.10. The stock had a trading volume of 242,828 shares, compared to its average volume of 127,739. Ferrovial SE has a 52-week low of $37.93 and a 52-week high of $56.43. The company's 50 day moving average price is $52.09 and its 200 day moving average price is $47.87.

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 dividend of $0.3029 per share. The ex-dividend date of this dividend was Friday, May 23rd. This is a positive change from Ferrovial's previous -- dividend of $0.04.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FER. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Finally, BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold".

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.