Neuberger Berman Group LLC Sells 8,065 Shares of Ferrovial SE $FER

Key Points

• Neuberger Berman Group LLC sold 8,065 shares of Ferrovial SE, trimming its holdings by 1% and holding 784,815 shares valued at approximately $34.9 million.
• Ferrovial recently increased its dividend from $0.04 to $0.3029 per share, reflecting a positive change for shareholders.
• Analysts have mixed views on Ferrovial, with the consensus rating being a "Hold", while some firms adjusted their ratings, including BNP Paribas upgrading it to "Neutral."

Neuberger Berman Group LLC decreased its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 784,815 shares of the company's stock after selling 8,065 shares during the quarter. Neuberger Berman Group LLC owned 0.11% of Ferrovial worth $34,923,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after purchasing an additional 3,657,704 shares during the last quarter. Maple Brown Abbott Ltd purchased a new stake in shares of Ferrovial during the 1st quarter valued at about $152,224,000. Nuveen LLC purchased a new stake in shares of Ferrovial during the 1st quarter valued at about $65,565,000. Hsbc Holdings PLC increased its position in shares of Ferrovial by 3.7% during the 4th quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company's stock valued at $1,041,137,000 after purchasing an additional 885,460 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Ferrovial by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock valued at $865,748,000 after purchasing an additional 452,211 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Trading Up 0.7%

FER stock traded up $0.39 during midday trading on Monday, hitting $55.24. The company's stock had a trading volume of 476,413 shares, compared to its average volume of 140,511. Ferrovial SE has a 12 month low of $37.93 and a 12 month high of $56.43. The company has a 50 day moving average of $52.42 and a two-hundred day moving average of $48.48.

Ferrovial Increases Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a $0.3029 dividend. The ex-dividend date was Friday, May 23rd. This is a positive change from Ferrovial's previous -- dividend of $0.04.

Wall Street Analyst Weigh In

FER has been the subject of several research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.