United Services Automobile Association Takes $743,000 Position in Ferrovial SE (NASDAQ:FER)

United Services Automobile Association purchased a new stake in Ferrovial SE (NASDAQ:FER - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,296 shares of the company's stock, valued at approximately $743,000.

A number of other hedge funds have also recently modified their holdings of the company. Susquehanna International Securities Ltd. acquired a new position in shares of Ferrovial during the 2nd quarter worth about $228,000. Allspring Global Investments Holdings LLC purchased a new stake in Ferrovial during the 3rd quarter valued at approximately $296,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Ferrovial in the 2nd quarter valued at approximately $307,000. Hancock Whitney Corp acquired a new position in shares of Ferrovial in the second quarter valued at approximately $352,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Ferrovial during the second quarter worth approximately $370,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Ferrovial Price Performance

Ferrovial stock traded down $0.24 during midday trading on Monday, reaching $43.23. The stock had a trading volume of 260,203 shares, compared to its average volume of 30,542. Ferrovial SE has a twelve month low of $35.30 and a twelve month high of $48.29. The stock's 50-day simple moving average is $40.67 and its 200 day simple moving average is $40.75.

Ferrovial Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0366 per share. The ex-dividend date of this dividend is Monday, December 16th.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FER shares. Bank of America raised shares of 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 report on Tuesday, November 12th.

Ferrovial 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.