2,204,006 Shares in Ferrovial SE $FER Acquired by Bank of Italy

Bank of Italy purchased a new stake in Ferrovial SE (NASDAQ:FER) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,204,006 shares of the company’s stock, valued at approximately $126,229,000. Ferrovial accounts for about 6.1% of Bank of Italy’s holdings, making the stock its 4th biggest holding. Bank of Italy owned 0.30% of Ferrovial as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of Ferrovial by 59.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 176,724 shares of the company’s stock valued at $10,129,000 after acquiring an additional 65,976 shares during the period. Exane Asset Management raised its holdings in shares of Ferrovial by 15,983.6% during the third quarter. Exane Asset Management now owns 644,471 shares of the company’s stock valued at $36,939,000 after purchasing an additional 640,464 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Ferrovial by 11.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,134 shares of the company’s stock worth $1,063,000 after purchasing an additional 1,836 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Ferrovial during the 3rd quarter worth about $1,492,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Ferrovial in the 3rd quarter valued at about $222,000. 22.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup reissued a “buy” rating and issued a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a research report on Thursday, January 22nd. Sanford C. Bernstein lowered Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial Price Performance

Shares of FER opened at $67.99 on Friday. Ferrovial SE has a 52-week low of $40.46 and a 52-week high of $69.82. The stock’s 50-day simple moving average is $66.49 and its 200 day simple moving average is $60.91.

Ferrovial Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a dividend of $0.077 per share. The ex-dividend date was Friday, December 5th.

Ferrovial Company Profile

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.