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. cut its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 6.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings 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 worth $50,076,000 after buying an additional 14,821 shares during the last quarter. Townsquare Capital LLC acquired a new position in Ferrovial during the fourth quarter worth $234,000. Assenagon Asset Management S.A. increased its holdings in Ferrovial by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after buying an additional 1,059 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ferrovial by 24.6% during 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 position in Ferrovial during the fourth quarter worth $228,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Trading Down 0.7%

Shares of Ferrovial stock traded down $0.3950 during trading on Thursday, reaching $55.0050. The company's stock had a trading volume of 387,153 shares, compared to its average volume of 145,174. The business's 50-day moving average price is $52.65 and its 200-day moving average price is $48.65. Ferrovial SE has a 52 week low of $37.93 and a 52 week high of $56.43.

Ferrovial Increases Dividend

The company also recently disclosed a -- dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a dividend of $0.3029 per share. This is a positive change from Ferrovial's previous -- dividend of $0.04. The ex-dividend date of this dividend was Friday, May 23rd.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. BNP Paribas raised shares of 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 report on Wednesday, June 25th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Ferrovial presently has a consensus rating of "Hold".

About Ferrovial

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.