Korea Investment CORP Purchases 139,631 Shares of Ferrovial SE $FER

Key Points

• Korea Investment CORP increased its stake in Ferrovial SE by 35.2% to approximately $23.84 million, holding 535,818 shares as of the latest SEC filing.
• Ferrovial recently raised its dividend to $0.3029 per share, a significant increase from the previous $0.04, with the ex-dividend date on May 23rd.
• The stock received mixed analyst ratings with a consensus rating of "Hold"**, following upgrades from BNP Paribas and reiterations from Morgan Stanley.

Korea Investment CORP increased its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 35.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 535,818 shares of the company's stock after acquiring an additional 139,631 shares during the quarter. Korea Investment CORP owned about 0.07% of Ferrovial worth $23,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in shares of Ferrovial during the fourth quarter worth $25,000. Wellington Management Group LLP increased its stake in Ferrovial by 2.5% in the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock worth $1,420,000 after acquiring an additional 813 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Ferrovial by 3.6% in the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ferrovial by 24.6% in the 4th 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. Finally, Oppenheimer Asset Management Inc. increased its stake in Ferrovial by 14.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,597 shares of the company's stock worth $386,000 after acquiring an additional 1,076 shares during the last quarter. Institutional investors own 22.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Ferrovial Stock Up 1.7%

Shares of NASDAQ:FER traded up $0.95 during trading on Friday, reaching $55.97. The company's stock had a trading volume of 369,465 shares, compared to its average volume of 328,947. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $56.43. The firm's 50 day simple moving average is $52.81 and its two-hundred day simple moving average is $48.88.

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.