Jefferies Financial Group Inc. Takes $1.64 Million Position in Ferrovial SE (NASDAQ:FER)

Key Points

• Jefferies Financial Group Inc. has invested approximately $1.64 million in Ferrovial SE, acquiring 36,769 shares during the first quarter, as reported in their recent 13F filing.
• Ferrovial recently announced an increase in its dividend from $0.04 to $0.3029 per share, with the payment made on June 25th to shareholders who were recorded by May 23rd.
• Analysts currently have a consensus rating of "Hold" for Ferrovial shares, with some recent upgrades and downgrades among various financial institutions.

Jefferies Financial Group Inc. bought a new position in Ferrovial SE (NASDAQ:FER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,769 shares of the company's stock, valued at approximately $1,638,000.

A number of other institutional investors and hedge funds have also modified their holdings of FER. FMR LLC grew its holdings 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 acquiring an additional 6,022,956 shares during the period. Bank of America Corp DE grew its holdings in shares of Ferrovial by 30.2% in the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after acquiring an additional 3,657,704 shares during the period. Barclays PLC grew its holdings in shares of Ferrovial by 30.5% in the fourth quarter. Barclays PLC now owns 4,487,124 shares of the company's stock worth $188,593,000 after acquiring an additional 1,047,513 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Ferrovial by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company's stock worth $1,041,137,000 after acquiring an additional 885,460 shares during the period. Finally, Skye Global Management LP bought a new stake in shares of Ferrovial in the fourth quarter worth $10,592,000. Institutional investors own 22.28% of the company's stock.

Analysts Set New Price Targets

FER has been the topic of several analyst reports. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Finally, BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ferrovial presently has an average rating of "Hold".

Ferrovial Price Performance

NASDAQ:FER traded down $0.18 on Friday, reaching $52.48. 192,350 shares of the company's stock traded hands, compared to its average volume of 129,316. The stock has a 50-day simple moving average of $52.13 and a 200-day simple moving average of $47.98. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $56.43.

Ferrovial Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were given a $0.3029 dividend. The ex-dividend date was Friday, May 23rd. This is a positive change from Ferrovial's previous -- dividend of $0.04.

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.