J. Safra Sarasin Holding AG Increases Holdings in Ferrovial SE $FER

J. Safra Sarasin Holding AG lifted its stake in shares of Ferrovial SE (NASDAQ:FER) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,074,671 shares of the company’s stock after purchasing an additional 20,101 shares during the quarter. Ferrovial accounts for about 1.2% of J. Safra Sarasin Holding AG’s holdings, making the stock its 21st largest position. J. Safra Sarasin Holding AG’s holdings in Ferrovial were worth $68,623,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FER. Lazard Asset Management LLC boosted its stake in Ferrovial by 40,717,866.7% in the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after purchasing an additional 21,987,648 shares during the period. Amundi increased its position in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after buying an additional 10,016,475 shares during the period. TCI Fund Management Ltd. increased its position in shares of Ferrovial by 6.5% during the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after buying an additional 1,269,548 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ferrovial by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after buying an additional 354,530 shares in the last quarter. Finally, Algebris UK Ltd. purchased a new stake in shares of Ferrovial in the fourth quarter worth about $839,930,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of FER opened at $64.28 on Monday. The firm’s 50 day simple moving average is $67.91 and its 200 day simple moving average is $68.03. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. Ferrovial SE has a 1-year low of $50.72 and a 1-year high of $74.79.

Ferrovial Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were paid a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, May 19th.

Analyst Ratings Changes

A number of equities analysts have recently commented on FER shares. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Citigroup lowered 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. Finally, Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.47.

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.