Korea Investment CORP Grows Stock Holdings in 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% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FER. Bank of America Corp DE raised its stake in Ferrovial by 30.2% during the 4th 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 in the last quarter. Maple Brown Abbott Ltd acquired a new stake in Ferrovial during the 1st quarter worth $152,224,000. Nuveen LLC acquired a new stake in Ferrovial during the 1st quarter worth $65,565,000. Vanguard Group Inc. raised its stake in Ferrovial by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock worth $865,748,000 after acquiring an additional 452,211 shares in the last quarter. Finally, Skye Global Management LP acquired a new stake in Ferrovial during the 4th quarter worth $10,592,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Trading Up 0.0%

Shares of Ferrovial stock traded up $0.01 on Tuesday, reaching $54.62. 244,940 shares of the stock were exchanged, compared to its average volume of 349,812. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43. The business has a fifty day moving average price of $52.95 and a two-hundred day moving average price of $49.05.

Analysts Set New Price Targets

Several equities research analysts recently commented on FER shares. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.