Korea Investment CORP Acquires 139,631 Shares of Ferrovial SE $FER

Korea Investment CORP lifted its holdings in shares of Ferrovial SE (NASDAQ:FER) by 35.2% during the 1st quarter, Holdings Channel reports. The firm owned 535,818 shares of the company’s stock after purchasing an additional 139,631 shares during the period. Korea Investment CORP’s holdings in Ferrovial were worth $23,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Ferrovial by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company’s stock worth $865,748,000 after purchasing an additional 452,211 shares during the period. TCI Fund Management Ltd. increased its holdings 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 purchasing an additional 238,184 shares during the period. Bank of America Corp DE increased its holdings in shares of Ferrovial by 30.2% during the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock worth $663,374,000 after purchasing an additional 3,657,704 shares during the period. Citigroup Inc. increased its holdings in shares of Ferrovial by 0.8% during the first quarter. Citigroup Inc. now owns 8,546,672 shares of the company’s stock worth $380,178,000 after purchasing an additional 70,197 shares during the period. Finally, Maple Brown Abbott Ltd bought a new position in shares of Ferrovial during the first quarter worth approximately $152,224,000. 22.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FER has been the topic of several recent research reports. BNP Paribas raised shares of Ferrovial from a “strong sell” rating to a “hold” 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. Wall Street Zen lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, BNP Paribas Exane upgraded shares of Ferrovial from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ferrovial has an average rating of “Hold”.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $55.40 on Thursday. Ferrovial SE has a twelve month low of $37.93 and a twelve month high of $56.43. The company’s fifty day moving average is $52.65 and its 200 day moving average is $48.65.

Ferrovial Increases Dividend

The business also recently declared a — dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were given a $0.3029 dividend. This is a boost from Ferrovial’s previous — dividend of $0.04. The ex-dividend date was Friday, May 23rd.

Ferrovial 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.