CIBC Asset Management Inc Invests $8.64 Million in Ferrovial SE $FER

CIBC Asset Management Inc purchased a new position in Ferrovial SE (NASDAQ:FER) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 133,759 shares of the company’s stock, valued at approximately $8,642,000.

A number of other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC boosted its stake in shares of Ferrovial by 3.2% in the fourth 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 boosted its stake in shares of Ferrovial by 5.4% in the fourth 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 boosted its stake in shares of Ferrovial by 0.4% in the third 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 boosted its stake in Ferrovial by 1.6% during the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after buying an additional 230 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after buying an additional 246 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ferrovial Stock Performance

FER opened at $66.81 on Friday. Ferrovial SE has a one year low of $50.10 and a one year high of $74.79. 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 simple moving average is $68.25 and its 200-day simple moving average is $67.62.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion during the quarter. As a group, analysts forecast that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

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