Jennison Associates LLC Acquires 116,114 Shares of Ferrovial SE (NASDAQ:FER)

Jennison Associates LLC boosted its stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 47.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 361,109 shares of the company's stock after purchasing an additional 116,114 shares during the period. Jennison Associates LLC's holdings in Ferrovial were worth $15,184,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FER. SG Americas Securities LLC acquired a new stake in shares of Ferrovial during the 4th quarter valued at about $101,000. Allspring Global Investments Holdings LLC bought a new position in Ferrovial during the third quarter valued at approximately $296,000. Natixis Advisors LLC acquired a new stake in Ferrovial in the third quarter valued at approximately $447,000. United Services Automobile Association bought a new stake in Ferrovial in the third quarter worth approximately $743,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Ferrovial during the 3rd quarter worth $940,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Analysts Set New Price Targets

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

Ferrovial Stock Down 0.4 %

FER traded down $0.16 during trading on Friday, reaching $42.58. 66,590 shares of the company's stock were exchanged, compared to its average volume of 60,306. The business has a 50 day moving average price of $42.41 and a 200 day moving average price of $41.39. Ferrovial SE has a fifty-two week low of $35.30 and a fifty-two week high of $48.29.

Ferrovial Cuts Dividend

The business also recently announced a -- dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.0366 dividend. The ex-dividend date was Monday, December 16th.

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.