ING Groep NV Takes Position in Ferrovial SE $FER

ING Groep NV acquired a new stake in shares of Ferrovial SE (NASDAQ:FER) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,016,291 shares of the company’s stock, valued at approximately $65,663,000. ING Groep NV owned approximately 0.14% of Ferrovial at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new position in shares of Ferrovial during the 4th quarter valued at about $10,000,000. Fisher Asset Management LLC boosted its holdings in shares of Ferrovial by 8.4% in the third quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock worth $31,540,000 after buying an additional 41,783 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Ferrovial in the third quarter worth about $1,895,000. Korea Investment CORP boosted its holdings in shares of Ferrovial by 34.3% in the third quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock worth $18,197,000 after buying an additional 81,016 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Ferrovial by 7.9% in the third quarter. Barclays PLC now owns 4,463,767 shares of the company’s stock worth $261,577,000 after buying an additional 325,912 shares during the period. Institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Up 0.5%

Shares of 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 50-day moving average of $68.25 and a two-hundred day moving average of $67.62. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25.

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

Ferrovial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on FER shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a report on Tuesday. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Finally, Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Ferrovial currently has a consensus rating of “Hold” and an average price target of $70.47.

About Ferrovial

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.