Maple Brown Abbott Ltd Purchases New Stake in Ferrovial SE (NASDAQ:FER)

Key Points

• Maple Brown Abbott Ltd has invested $152.22 million in Ferrovial SE by acquiring approximately 3.42 million shares, making it the largest holding in their portfolio at 10.4%.
• Ferrovial recently increased its dividend to $0.3029 per share, a significant rise from the previous dividend of $0.04.
• Analysts have mixed opinions on Ferrovial, with ratings reflecting a consensus of "Hold", indicating cautious sentiment towards the stock's potential performance.

Maple Brown Abbott Ltd bought a new stake in Ferrovial SE (NASDAQ:FER - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,421,819 shares of the company's stock, valued at approximately $152,224,000. Ferrovial makes up 10.4% of Maple Brown Abbott Ltd's portfolio, making the stock its largest holding. Maple Brown Abbott Ltd owned about 0.46% of Ferrovial as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Ferrovial in the 4th quarter valued at approximately $25,000. Banque Cantonale Vaudoise bought a new stake in Ferrovial in the 1st quarter valued at approximately $150,000. Tower Research Capital LLC TRC bought a new stake in Ferrovial in the 4th quarter valued at approximately $158,000. Jane Street Group LLC bought a new stake in Ferrovial in the 4th quarter valued at approximately $228,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $225,000 after acquiring an additional 1,073 shares in the last quarter. Institutional investors own 22.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FER. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Wall Street Zen cut 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 note on Wednesday, June 25th. Finally, BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Ferrovial Trading Up 0.4%

Shares of Ferrovial stock traded up $0.20 on Friday, reaching $54.85. 313,743 shares of the company were exchanged, compared to its average volume of 272,123. Ferrovial SE has a one year low of $37.93 and a one year high of $56.43. The company has a 50-day moving average of $52.42 and a 200 day moving average of $48.41.

Ferrovial Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.3029 per share. The ex-dividend date was Friday, May 23rd. This is an increase 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.