Jennison Associates LLC Reduces Stock Position in Ferrovial SE (NASDAQ:FER)

Jennison Associates LLC decreased its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 5.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 342,202 shares of the company's stock after selling 18,907 shares during the period. Jennison Associates LLC's holdings in Ferrovial were worth $15,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FER. BNP Paribas Financial Markets purchased a new position in shares of Ferrovial during the fourth quarter valued at approximately $25,000. Charles Schwab Investment Management Inc. raised its stake in Ferrovial by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company's stock valued at $946,000 after buying an additional 738 shares during the last quarter. Wellington Management Group LLP raised its stake in Ferrovial by 2.5% during the fourth quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock valued at $1,420,000 after buying an additional 813 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Ferrovial by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after acquiring an additional 1,059 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 worth $225,000 after acquiring an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Wall Street Analyst Weigh In

FER has been the subject of a number of research analyst reports. Wall Street Zen raised Ferrovial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ferrovial currently has a consensus rating of "Moderate Buy".

Ferrovial Stock Down 0.1%

NASDAQ FER traded down $0.05 during trading hours on Thursday, reaching $53.86. The company's stock had a trading volume of 213,276 shares, compared to its average volume of 154,326. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43. The firm's 50-day moving average price is $52.09 and its 200-day moving average price is $47.23.

Ferrovial Increases Dividend

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

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.