Maryland State Retirement & Pension System Trims 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 lessened its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Ferrovial during the fourth quarter worth about $25,000. Banque Cantonale Vaudoise purchased a new stake in Ferrovial during the first quarter worth about $150,000. Tower Research Capital LLC TRC purchased a new stake in Ferrovial during the fourth quarter worth about $158,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ferrovial by 24.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after purchasing an additional 1,073 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Ferrovial during the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FER shares. Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Ferrovial Stock Down 0.3%

Shares of FER stock traded down $0.16 during trading hours on Friday, reaching $52.50. 240,249 shares of the stock were exchanged, compared to its average volume of 220,286. The business's fifty day moving average is $52.16 and its two-hundred day moving average is $48.04. Ferrovial SE has a 12-month low of $37.93 and a 12-month 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 given a dividend of $0.3029 per share. The ex-dividend date was Friday, May 23rd. This is a boost 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.