Public Sector Pension Investment Board Purchases 14,614 Shares of Ferrovial SE (NASDAQ:FER)

Key Points

• The Public Sector Pension Investment Board increased its stake in Ferrovial SE by 6.0% in the first quarter, bringing its total holdings to 256,789 shares valued at approximately $11.4 million.
• Ferrovial recently declared a dividend of $0.3029, which represents a significant increase from its prior dividend of $0.04.
• Brokerage ratings for Ferrovial show a consensus of "Hold", with four analysts rating it as such and two giving it a buy rating.

Public Sector Pension Investment Board increased its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,789 shares of the company's stock after purchasing an additional 14,614 shares during the quarter. Public Sector Pension Investment Board's holdings in Ferrovial were worth $11,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FER. Bank of New York Mellon Corp grew its position in Ferrovial by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock valued at $50,076,000 after purchasing an additional 14,821 shares in the last quarter. Townsquare Capital LLC bought a new stake in Ferrovial in the fourth quarter worth approximately $234,000. Assenagon Asset Management S.A. grew its position in Ferrovial by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after acquiring an additional 1,059 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ferrovial by 24.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after buying an additional 1,073 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Ferrovial in the fourth quarter worth $228,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ferrovial Price Performance

NASDAQ:FER traded up $0.20 during trading hours on Friday, hitting $54.85. 313,743 shares of the company traded hands, compared to its average volume of 272,123. Ferrovial SE has a twelve month low of $37.93 and a twelve month high of $56.43. The firm has a 50-day moving average of $52.42 and a 200 day moving average of $48.44.

Ferrovial Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Stockholders 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.

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.