Daiwa Securities Group Inc. Acquires 55,573 Shares of Ferrovial SE $FER

by · The Markets Daily

Daiwa Securities Group Inc. boosted its holdings in shares of Ferrovial SE (NASDAQ:FER – Free Report) by 544.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,776 shares of the company’s stock after acquiring an additional 55,573 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ferrovial were worth $4,250,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AlphaCore Capital LLC grew its holdings in Ferrovial by 3.2% during the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after acquiring an additional 197 shares during the last quarter. Drive Wealth Management LLC grew its holdings in Ferrovial by 5.4% during the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after acquiring an additional 203 shares during the last quarter. ProShare Advisors LLC grew its holdings in Ferrovial by 0.4% during the 3rd quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after acquiring an additional 206 shares during the last quarter. Hancock Whitney Corp grew its holdings in Ferrovial by 1.6% during the 3rd quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after acquiring an additional 230 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares during the last quarter. 22.28% of the stock is owned by institutional investors.

Ferrovial Price Performance

NASDAQ:FER opened at $66.02 on Tuesday. The firm’s fifty day moving average is $68.31 and its 200-day moving average is $67.68. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. Ferrovial SE has a 52 week low of $50.10 and a 52 week high of $74.79.

Ferrovial (NASDAQ:FER – Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion during the quarter. On average, equities analysts forecast that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be paid a $0.5578 dividend. The ex-dividend date of this dividend is Tuesday, May 19th.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FER shares. Zacks Research raised shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their target price for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ferrovial currently has a consensus rating of “Hold” and a consensus price target of $70.47.

View Our Latest Stock Report on FER

Ferrovial Company Profile

(Free Report)

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.

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