Fmr LLC Has $6.36 Million Stake in Ferrovial SE (NASDAQ:FER)

Fmr LLC decreased its position in Ferrovial SE (NASDAQ:FER) by 76.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,111 shares of the company’s stock after selling 485,490 shares during the quarter. Fmr LLC’s holdings in Ferrovial were worth $6,361,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FER. Susquehanna International Securities Ltd. bought a new stake in Ferrovial in the second quarter valued at about $228,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ferrovial during the third quarter worth $296,000. Oppenheimer Asset Management Inc. bought a new stake in Ferrovial in the 2nd quarter valued at approximately $307,000. Hancock Whitney Corp acquired a new position in shares of Ferrovial during the 2nd quarter worth about $352,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Ferrovial in the 2nd quarter valued at approximately $370,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Up 1.8 %

NASDAQ:FER opened at $43.29 on Friday. The firm’s 50 day simple moving average is $40.68 and its 200 day simple moving average is $40.79. Ferrovial SE has a one year low of $35.30 and a one year high of $48.29.

Ferrovial Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.0366 dividend. The ex-dividend date is Monday, December 16th.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FER shares. Bank of America raised Ferrovial from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, November 12th.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.