Zurcher Kantonalbank Zurich Cantonalbank Has $13.67 Million Holdings in 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 holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 307,310 shares of the company's stock after buying an additional 29,635 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Ferrovial were worth $13,670,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FER. Hsbc Holdings PLC raised its stake in shares of Ferrovial by 3.7% during the fourth quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company's stock valued at $1,041,137,000 after purchasing an additional 885,460 shares during the period. TCI Fund Management Ltd. grew its position in shares of Ferrovial by 1.2% during the fourth quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company's stock worth $812,724,000 after buying an additional 238,184 shares in the last quarter. Bank of America Corp DE boosted its stake in Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after acquiring an additional 3,657,704 shares during the last quarter. FMR LLC boosted its stake in Ferrovial by 4,066.5% during the 4th 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. Finally, JPMorgan Chase & Co. boosted its stake in Ferrovial by 2.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,681,317 shares of the company's stock valued at $196,756,000 after acquiring an additional 108,102 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Price Performance

Shares of NASDAQ FER traded up $0.08 during midday trading on Friday, reaching $51.18. 351,137 shares of the company traded hands, compared to its average volume of 176,572. Ferrovial SE has a 52 week low of $37.93 and a 52 week high of $56.43. The stock has a 50-day moving average price of $52.10 and a 200 day moving average price of $47.68.

Ferrovial Increases Dividend

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

Analyst Upgrades and Downgrades

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