Ferrovial SE $FER Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in Ferrovial SE (NASDAQ:FER) by 2,188.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,194,722 shares of the company’s stock after acquiring an additional 1,142,513 shares during the period. ProShare Advisors LLC owned 0.16% of Ferrovial worth $77,214,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC increased its stake in Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock valued at $411,000 after buying an additional 197 shares during the period. Thrivent Financial for Lutherans increased its stake in Ferrovial by 121.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 391,267 shares of the company’s stock valued at $25,430,000 after buying an additional 214,543 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Ferrovial in the 4th quarter valued at $174,000. 49 Wealth Management LLC acquired a new position in Ferrovial in the 4th quarter valued at $250,000. Finally, Drive Wealth Management LLC increased its stake in Ferrovial by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock valued at $257,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

FER has been the topic of several recent research reports. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their price objective for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Weiss Ratings cut shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ferrovial currently has an average rating of “Hold” and an average target price of $73.12.

Ferrovial Stock Performance

NASDAQ FER opened at $64.99 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $67.36 and its two-hundred day moving average is $67.28. Ferrovial SE has a 12-month low of $50.10 and a 12-month high of $74.79.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $3.19 billion for the quarter.

Ferrovial Dividend Announcement

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

Ferrovial 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.