Exane Asset Management Invests $14.36 Million in Ferrovial SE (NASDAQ:FER)

Exane Asset Management acquired a new position in shares of Ferrovial SE (NASDAQ:FER) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 341,556 shares of the company’s stock, valued at approximately $14,359,000. Ferrovial makes up approximately 8.0% of Exane Asset Management’s holdings, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Ferrovial during the 4th quarter worth about $101,000. Optas LLC acquired a new position in Ferrovial during the fourth quarter valued at approximately $228,000. Allspring Global Investments Holdings LLC bought a new position in Ferrovial in the third quarter valued at approximately $296,000. Natixis Advisors LLC bought a new position in Ferrovial in the third quarter valued at approximately $447,000. Finally, United Services Automobile Association acquired a new position in shares of Ferrovial during the 3rd quarter worth approximately $743,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FER shares. Royal Bank of Canada raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Stock Down 0.4 %

FER opened at $42.58 on Friday. Ferrovial SE has a 12-month low of $35.30 and a 12-month high of $48.29. The business has a 50 day moving average of $42.38 and a 200-day moving average of $41.39.

Ferrovial Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.0366 per share. The ex-dividend date of this dividend was Monday, December 16th.

Ferrovial Company 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.