Nuveen LLC Buys New Holdings in Ferrovial SE (NASDAQ:FER)

Key Points

• Nuveen LLC purchased a new stake in Ferrovial SE, acquiring 1,473,947 shares valued at approximately $65.57 million, representing about 0.20% ownership.
• Ferrovial has increased its dividend to $0.3029, up from the previous $0.04, with the dividend paid on June 25, 2023.
• Analysts have mixed ratings for Ferrovial, with Morgan Stanley maintaining an "overweight" rating while Wall Street Zen downgraded the stock from "buy" to "hold."

Nuveen LLC bought a new stake in Ferrovial SE (NASDAQ:FER - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,473,947 shares of the company's stock, valued at approximately $65,565,000. Nuveen LLC owned about 0.20% of Ferrovial as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FER. Geode Capital Management LLC boosted its position in Ferrovial by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 634,487 shares of the company's stock valued at $26,667,000 after buying an additional 13,177 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ferrovial in the 4th quarter worth approximately $466,000. Townsquare Capital LLC purchased a new stake in Ferrovial in the 4th quarter worth approximately $234,000. XTX Topco Ltd purchased a new stake in Ferrovial in the 4th quarter worth approximately $370,000. Finally, Marshall Wace LLP boosted its position in Ferrovial by 153.8% in the 4th quarter. Marshall Wace LLP now owns 49,569 shares of the company's stock worth $2,083,000 after purchasing an additional 30,035 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Stock Up 1.1%

Shares of FER stock opened at $54.31 on Thursday. The stock has a 50 day simple moving average of $52.29 and a 200-day simple moving average of $48.25. Ferrovial SE has a 1-year low of $37.93 and a 1-year high of $56.43.

Ferrovial Increases Dividend

The company also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were paid a $0.3029 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Ferrovial's previous -- dividend of $0.04.

Wall Street Analyst Weigh In

Several research firms have commented on FER. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Wall Street Zen lowered 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 note on Tuesday, June 24th. Finally, BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

About Ferrovial

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.

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