Charles Schwab Investment Management Inc. bought a new stake in Ferrovial SE (NASDAQ:FER - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,759 shares of the company's stock, valued at approximately $940,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Ferrovial during the second quarter valued at $985,000. Bank of New York Mellon Corp purchased a new stake in Ferrovial in the second quarter valued at approximately $48,282,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Ferrovial during the second quarter worth approximately $11,119,000. Crossmark Global Holdings Inc. purchased a new position in Ferrovial during the second quarter worth approximately $1,291,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Ferrovial in the 2nd quarter valued at $23,691,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
Ferrovial Stock Performance
FER stock traded down $1.03 during midday trading on Wednesday, reaching $41.85. The company had a trading volume of 64,403 shares, compared to its average volume of 31,409. The stock has a 50 day moving average price of $40.81 and a 200 day moving average price of $40.86. Ferrovial SE has a fifty-two week low of $35.30 and a fifty-two week high of $48.29.
Ferrovial Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a $0.0366 dividend. The ex-dividend date of this dividend is Monday, December 16th.
Analyst Upgrades and Downgrades
Several research firms recently commented on FER. Bank of America upgraded shares of Ferrovial from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised shares of Ferrovial to a "hold" rating in a research note on Tuesday, November 12th.
Check Out Our Latest Research Report on Ferrovial
Ferrovial Company Profile
(
Free Report)
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.
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