Exane Asset Management Makes New Investment in Ferrovial SE (NASDAQ:FER)

Exane Asset Management purchased a new position in shares of Ferrovial SE (NASDAQ:FER - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 341,556 shares of the company's stock, valued at approximately $14,359,000. Ferrovial comprises approximately 8.0% of Exane Asset Management's investment portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FER. SG Americas Securities LLC acquired a new position in shares of Ferrovial during the fourth quarter worth $101,000. Optas LLC acquired a new stake in shares of Ferrovial during the fourth quarter worth $228,000. Allspring Global Investments Holdings LLC bought a new position in Ferrovial in the third quarter worth about $296,000. Natixis Advisors LLC bought a new stake in shares of Ferrovial in the 3rd quarter worth approximately $447,000. Finally, United Services Automobile Association acquired a new position in shares of Ferrovial during the third quarter valued at $743,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Stock Up 1.0 %

Ferrovial stock traded up $0.45 during trading hours on Tuesday, hitting $43.92. The company had a trading volume of 58,380 shares, compared to its average volume of 60,688. The firm's fifty day moving average is $42.44 and its 200-day moving average is $41.40. 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 announced a -- dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.0366 dividend. The ex-dividend date was Monday, December 16th.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada raised Ferrovial to a "hold" rating in a report on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd.

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.