Zurcher Kantonalbank Zurich Cantonalbank Purchases 29,635 Shares of Ferrovial SE (NASDAQ:FER)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its ownership in Ferrovial SE by 10.7%, now holding 307,310 shares worth approximately $13.67 million.
• Ferrovial recently raised its dividend to $0.3029 per share, a significant increase from the previous $0.04, reflecting a positive shift in shareholder returns.
• Analysts have mixed views on Ferrovial, with the average rating being a "Hold", as several firms have adjusted their ratings, including BNP Paribas upgrading to "Neutral".

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,310 shares of the company's stock after purchasing an additional 29,635 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Ferrovial were worth $13,670,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FER. FMR LLC lifted its position in Ferrovial by 4,066.5% during the fourth quarter. FMR LLC now owns 6,171,067 shares of the company's stock valued at $259,527,000 after acquiring an additional 6,022,956 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Ferrovial by 30.2% during the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after purchasing an additional 3,657,704 shares during the last quarter. Barclays PLC raised its holdings in shares of Ferrovial by 30.5% during the fourth quarter. Barclays PLC now owns 4,487,124 shares of the company's stock worth $188,593,000 after purchasing an additional 1,047,513 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Ferrovial by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company's stock valued at $1,041,137,000 after buying an additional 885,460 shares in the last quarter. Finally, Skye Global Management LP purchased a new position in Ferrovial in the fourth quarter valued at $10,592,000. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Price Performance

FER traded up $0.08 during trading on Friday, hitting $51.18. 351,137 shares of the company's stock were exchanged, compared to its average volume of 124,905. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43. The stock has a 50 day moving average price of $52.12 and a 200 day moving average price of $47.60.

Ferrovial Increases Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FER. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Finally, BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Four equities 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, the company has a consensus rating of "Hold".

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.