Swiss National Bank Cuts Holdings in Ferrovial SE (NASDAQ:FER)

Key Points

• The Swiss National Bank has reduced its holdings in Ferrovial SE by 4.0%, now owning approximately 1,360,763 shares valued at $60.57 million.
• Ferrovial recently increased its dividend to $0.3029, up from $0.04, with the payment distributed on June 25th.
• Wall Street analysts have mixed views on Ferrovial, with ratings ranging from "buy" to "hold," and an average rating of "Hold" according to current research reports.

Swiss National Bank cut its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,360,763 shares of the company's stock after selling 56,662 shares during the quarter. Swiss National Bank owned approximately 0.18% of Ferrovial worth $60,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Ferrovial during the fourth quarter worth about $25,000. Banque Cantonale Vaudoise bought a new stake in Ferrovial in the first quarter worth about $150,000. Tower Research Capital LLC TRC bought a new stake in Ferrovial in the fourth quarter worth about $158,000. Jane Street Group LLC bought a new stake in Ferrovial in the fourth quarter worth about $228,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 acquiring an additional 1,073 shares during the period. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Price Performance

NASDAQ FER opened at $52.50 on Monday. The company's 50 day moving average is $52.16 and its 200-day moving average is $48.10. Ferrovial SE has a 12-month low of $37.93 and a 12-month high of $56.43.

Ferrovial Increases Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were given a $0.3029 dividend. This is an increase from Ferrovial's previous -- dividend of $0.04. The ex-dividend date of this dividend was Friday, May 23rd.

Wall Street Analysts Forecast Growth

Several analysts have commented on FER shares. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.

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