Russell Investments Group Ltd. Sells 30,854 Shares of Ferrovial SE $FER

Key Points

• Russell Investments Group Ltd. has reduced its stake in Ferrovial SE by 6.2%, now holding 468,578 shares valued at approximately $21 million.
• Ferrovial's recent dividend increased from $0.04 to $0.3029, reflecting a growing return for shareholders.
• Analysts have mixed views on Ferrovial, with ratings ranging from "hold" to "buy," resulting in an average rating of "Hold."

Russell Investments Group Ltd. decreased its position in Ferrovial SE (NASDAQ:FER - Free Report) by 6.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 468,578 shares of the company's stock after selling 30,854 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Ferrovial worth $21,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential PLC boosted its stake in Ferrovial by 14.0% in the 1st quarter. Prudential PLC now owns 64,702 shares of the company's stock worth $2,883,000 after purchasing an additional 7,966 shares during the period. Public Sector Pension Investment Board boosted its stake in Ferrovial by 6.0% in the 1st quarter. Public Sector Pension Investment Board now owns 256,789 shares of the company's stock worth $11,423,000 after purchasing an additional 14,614 shares during the period. Nuveen LLC acquired a new position in Ferrovial in the 1st quarter worth approximately $65,565,000. Townsquare Capital LLC boosted its stake in Ferrovial by 23.5% in the 1st quarter. Townsquare Capital LLC now owns 6,872 shares of the company's stock worth $309,000 after purchasing an additional 1,306 shares during the period. Finally, Forsta AP Fonden boosted its stake in Ferrovial by 188.6% in the 1st quarter. Forsta AP Fonden now owns 80,100 shares of the company's stock worth $3,598,000 after purchasing an additional 52,343 shares during the period. Institutional investors and hedge funds own 22.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FER shares. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ferrovial presently has an average rating of "Hold".

Ferrovial Stock Up 1.6%

Shares of Ferrovial stock traded up $0.87 during midday trading on Friday, reaching $55.89. 122,401 shares of the company's stock traded hands, compared to its average volume of 145,525. The company's 50 day simple moving average is $52.71 and its 200 day simple moving average is $48.74. Ferrovial SE has a 52 week low of $37.93 and a 52 week high of $56.43.

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.