J. Safra Sarasin Holding AG Decreases 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 reduced 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 (SEC). The institutional investor owned 1,419,938 shares of the company's stock after selling 22,723 shares during the quarter. Ferrovial comprises approximately 1.1% of J. Safra Sarasin Holding AG's portfolio, making the stock its 27th largest holding. J. Safra Sarasin Holding AG owned about 0.19% of Ferrovial worth $63,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in Ferrovial during the fourth quarter worth about $25,000. Wellington Management Group LLP lifted its holdings 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 valued at $1,420,000 after purchasing 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 valued at $1,339,000 after buying an additional 1,059 shares during 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 valued at $225,000 after buying an additional 1,073 shares during 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 valued at $386,000 after buying an additional 1,076 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Stock Up 0.2%

Shares of FER opened at $51.18 on Friday. The firm's 50 day moving average is $52.10 and its 200-day moving average is $47.68. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $56.43.

Ferrovial Increases Dividend

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

Wall Street Analysts Forecast Growth

FER has been the subject of several recent research reports. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Four equities 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.com, the company presently has a consensus rating of "Hold".

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.

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