Zurich Insurance Group Ltd FI lessened its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 58.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,973 shares of the company's stock after selling 195,061 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Ferrovial were worth $5,757,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in shares of Ferrovial during the 4th quarter worth approximately $25,000. SG Americas Securities LLC purchased a new position in shares of Ferrovial in the 4th quarter valued at $101,000. Tower Research Capital LLC TRC acquired a new stake in Ferrovial during the 4th quarter worth $158,000. Clearbridge Investments LLC purchased a new stake in Ferrovial in the fourth quarter valued at $204,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $225,000 after acquiring an additional 1,073 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Ferrovial from a "hold" rating to a "buy" rating in a research report on Saturday.
Get Our Latest Stock Report on Ferrovial
Ferrovial Trading Down 0.1%
FER traded down $0.06 during trading on Monday, hitting $52.18. 103,198 shares of the stock were exchanged, compared to its average volume of 61,981. Ferrovial SE has a 1-year low of $37.92 and a 1-year high of $56.43. The stock has a fifty day moving average price of $46.90 and a two-hundred day moving average price of $44.00.
Ferrovial Increases Dividend
The firm also recently announced a -- dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.3029 dividend. This is a boost from Ferrovial's previous -- dividend of $0.04. The ex-dividend date of this dividend is Friday, May 23rd.
About Ferrovial
(
Free Report)
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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