Prudential PLC Has $2.88 Million Position in Ferrovial SE $FER

Key Points

• Prudential PLC increased its stake in Ferrovial SE by 14.0% in the first quarter, owning a total of 64,702 shares worth approximately $2.88 million.
• Recent equity research has mixed ratings for Ferrovial, with BNP Paribas upgrading the stock to "neutral," while Wall Street Zen downgraded it from "buy" to "hold."
• Ferrovial announced an increase in its dividend, issuing $0.3029 per share, up from a previous dividend of $0.04, with the ex-dividend date on May 23rd.

Prudential PLC increased its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,702 shares of the company's stock after purchasing an additional 7,966 shares during the period. Prudential PLC's holdings in Ferrovial were worth $2,883,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FER. Bank of America Corp DE increased its holdings 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 worth $663,374,000 after buying an additional 3,657,704 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ferrovial during the first quarter valued at approximately $65,565,000. Hsbc Holdings PLC boosted its stake in 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 acquiring an additional 885,460 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ferrovial by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock worth $865,748,000 after acquiring an additional 452,211 shares in the last quarter. Finally, Skye Global Management LP acquired a new stake in shares of Ferrovial during the 4th quarter worth approximately $10,592,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Price Performance

FER traded down $0.4150 during trading on Tuesday, reaching $54.8250. 259,574 shares of the stock traded hands, compared to its average volume of 141,191. Ferrovial SE has a fifty-two week low of $37.93 and a fifty-two week high of $56.43. The stock's 50-day simple moving average is $52.51 and its two-hundred day simple moving average is $48.56.

Ferrovial Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on FER. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. 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 upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Ferrovial has an average rating of "Hold".

Ferrovial 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.