Mirae Asset Global Investments Co. Ltd. Buys New Stake in Ferrovial SE $FER

Key Points

• Mirae Asset Global Investments opened a new Ferrovial position in the third quarter, buying 334,358 shares valued at approximately $18.1 million.
• Ferrovial announced a special dividend of €0.83 per share, scheduled for payment on December 10 to shareholders of record on November 6.
• Analyst views are mixed, with a consensus rating of Hold and an average price target of $70.47; four analysts rate the stock Buy, eight Hold, and one Sell.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 334,358 shares of the company's stock, valued at approximately $18,089,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its stake in shares of Ferrovial by 4.5% during the third quarter. ProShare Advisors LLC now owns 758,817 shares of the company's stock valued at $41,036,000 after acquiring an additional 32,683 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in Ferrovial by 13.5% in the third quarter. China Universal Asset Management Co. Ltd. now owns 24,584 shares of the company's stock worth $1,342,000 after purchasing an additional 2,921 shares during the period. Vantage Investment Partners LLC lifted its position in Ferrovial by 47.6% in the third quarter. Vantage Investment Partners LLC now owns 519,370 shares of the company's stock worth $28,098,000 after purchasing an additional 167,439 shares during the period. Victory Financial Group LLC acquired a new stake in Ferrovial in the third quarter worth approximately $203,000. Finally, Generali Asset Management SPA SGR boosted its stake in Ferrovial by 93.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 94,780 shares of the company's stock valued at $5,128,000 after purchasing an additional 45,860 shares in the last quarter. Institutional investors own 22.28% of the company's stock.

Ferrovial Price Performance

NASDAQ FER opened at $57.54 on Wednesday. Ferrovial SE has a twelve month low of $48.00 and a twelve month high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The firm's 50 day moving average price is $54.35 and its two-hundred day moving average price is $64.18.

Ferrovial Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 6th will be given a €0.83 dividend. The ex-dividend date of this dividend is Friday, November 6th.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FER shares. Bank of America reiterated a "buy" rating on shares of Ferrovial in a research report on Monday, September 14th. UBS Group lowered Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Zacks Research cut Ferrovial from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Mediobanca raised Ferrovial to an "outperform" rating in a report on Wednesday, August 19th. Finally, Kepler Capital Markets lowered Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $70.47.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial's transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.

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