Rakuten Investment Management Inc. Makes New $3.45 Million Investment in Ferrovial SE $FER

Key Points

• Rakuten Investment Management initiated a $3.45 million position in Ferrovial, buying 63,287 shares in the third quarter. Institutional investors and hedge funds collectively own 22.28% of the stock.
• Ferrovial announced a special dividend of €0.83 per share, payable December 10 to shareholders of record November 6.
• Analysts’ consensus rating is Hold, with a $70.47 average price target; shares recently traded at $58.71.

Rakuten Investment Management Inc. purchased a new stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,287 shares of the company's stock, valued at approximately $3,454,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi grew its holdings in shares of Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after purchasing an additional 4,351,267 shares during the period. Groupe la Francaise raised its holdings in Ferrovial by 640.9% in the second quarter. Groupe la Francaise now owns 436,648 shares of the company's stock valued at $29,986,000 after buying an additional 377,714 shares during the period. Swiss National Bank raised its holdings in Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock valued at $113,643,000 after buying an additional 375,590 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ferrovial during the third quarter valued at approximately $18,089,000. Finally, Vantage Investment Partners LLC lifted its position in Ferrovial by 47.6% during the third quarter. Vantage Investment Partners LLC now owns 519,370 shares of the company's stock valued at $28,098,000 after buying an additional 167,439 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Stock Performance

Shares of FER stock traded down $0.52 on Friday, hitting $58.71. The stock had a trading volume of 3,213,176 shares, compared to its average volume of 2,618,856. The stock's 50 day moving average is $54.26 and its 200-day moving average is $64.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial SE has a 52-week low of $48.00 and a 52-week high of $74.79.

Ferrovial Announces Dividend

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 dividend of €0.83 per share. The ex-dividend date of this dividend is Friday, November 6th.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Bank of America restated a "buy" rating on shares of Ferrovial in a report on Monday, September 14th. JPMorgan Chase & Co. cut shares of Ferrovial from an "overweight" rating to a "neutral" rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings downgraded Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $70.47.

Ferrovial Company Profile

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.

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