Royal Bank of Canada Sells 241,715 Shares of Ferrovial SE $FER

Royal Bank of Canada decreased its position in Ferrovial SE (NASDAQ:FER) by 72.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,866 shares of the company’s stock after selling 241,715 shares during the period. Royal Bank of Canada’s holdings in Ferrovial were worth $6,107,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quantinno Capital Management LP raised its stake in Ferrovial by 30.1% during the 1st quarter. Quantinno Capital Management LP now owns 332,451 shares of the company’s stock worth $21,564,000 after buying an additional 76,919 shares during the period. Compound Planning Inc. grew its stake in Ferrovial by 38.9% in the first quarter. Compound Planning Inc. now owns 9,710 shares of the company’s stock valued at $632,000 after acquiring an additional 2,720 shares during the period. Cloverfields Capital Group LP acquired a new position in Ferrovial in the first quarter valued at about $1,547,000. Sei Investments Co. bought a new stake in shares of Ferrovial in the first quarter worth about $261,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Ferrovial during the first quarter worth about $316,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Up 0.4%

Shares of NASDAQ FER opened at $65.67 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. The stock has a 50 day moving average price of $66.16 and a 200 day moving average price of $67.72. Ferrovial SE has a 52 week low of $52.73 and a 52 week high of $74.79.

Ferrovial Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on FER shares. Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.