Maryland State Retirement & Pension System Cuts Stock Position in Ferrovial SE (NASDAQ:FER)

Key Points

• The Maryland State Retirement & Pension System has reduced its holdings in Ferrovial SE by 3.6%, now owning approximately 622,367 shares valued at around $27.7 million.
• Several institutional investors are actively trading Ferrovial, with new positions taken by BNP Paribas Financial Markets, Banque Cantonale Vaudoise, and others during the last few quarters.
• Research analysts have given Ferrovial a consensus hold rating, with a mix of upgraded and downgraded opinions from major firms including BNP Paribas and Morgan Stanley.

Maryland State Retirement & Pension System lowered its position in Ferrovial SE (NASDAQ:FER - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 622,367 shares of the company's stock after selling 22,972 shares during the period. Maryland State Retirement & Pension System owned 0.08% of Ferrovial worth $27,719,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Hsbc Holdings PLC raised its position 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 buying an additional 885,460 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Ferrovial by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock worth $865,748,000 after purchasing an additional 452,211 shares during the last quarter. TCI Fund Management Ltd. boosted its position in Ferrovial by 1.2% during the 4th quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company's stock valued at $812,724,000 after acquiring an additional 238,184 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after purchasing an additional 3,657,704 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Ferrovial by 4,066.5% in the 4th quarter. FMR LLC now owns 6,171,067 shares of the company's stock worth $259,527,000 after purchasing an additional 6,022,956 shares in the last quarter. 22.28% of the stock is owned by institutional investors.

Ferrovial Price Performance

NASDAQ FER traded up $0.26 during mid-day trading on Monday, reaching $52.76. The stock had a trading volume of 200,402 shares, compared to its average volume of 130,121. The company has a fifty day moving average price of $52.16 and a 200 day moving average price of $48.10. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43.

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 $0.3029 dividend. This is a positive change from Ferrovial's previous -- dividend of $0.04. The ex-dividend date was Friday, May 23rd.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FER. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently 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.