Royal Bank of Canada Has $6.11 Million Stock Holdings in Ferrovial SE $FER

Key Points

• Royal Bank of Canada cut its Ferrovial stake by 72% in the first quarter, selling 241,715 shares and retaining 93,866 shares valued at approximately $6.11 million.
• Institutional investors and hedge funds own 22.28% of Ferrovial, with several smaller investors increasing their positions recently.
• Analysts have a consensus “Hold” rating on FER, with an average price target of $70.47; Citigroup downgraded the stock to “Neutral” and lowered its target to $70.

Royal Bank of Canada lowered its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 72.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,866 shares of the company's stock after selling 241,715 shares during the quarter. Royal Bank of Canada's holdings in Ferrovial were worth $6,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company's stock worth $35,000 after buying an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company's stock valued at $38,000 after purchasing an additional 262 shares in the last quarter. Blue Trust Inc. raised its position in Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company's stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Larson Financial Group LLC boosted its stake in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company's stock worth $57,000 after purchasing an additional 687 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Ferrovial during the third quarter worth $66,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FER has been the topic of several research reports. Citigroup downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings cut shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised shares of Ferrovial to a "hold" rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $70.47.

Ferrovial Stock Performance

FER stock opened at $65.67 on Wednesday. Ferrovial SE has a twelve month low of $52.73 and a twelve month high of $74.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. The business's fifty day moving average is $66.16 and its 200-day moving average is $67.72.

Ferrovial Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial's business spans construction contracting, concession management and services.

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