FMR LLC lessened its position in Ferrovial SE (NASDAQ:FER - Free Report) by 76.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,111 shares of the company's stock after selling 485,490 shares during the period. FMR LLC's holdings in Ferrovial were worth $6,361,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in Ferrovial during the second quarter valued at $921,680,000. Legal & General Group Plc purchased a new position in shares of Ferrovial in the second quarter worth $325,256,000. Toronto Dominion Bank purchased a new position in Ferrovial in the 2nd quarter worth about $79,653,000. Bank of Montreal Can bought a new position in Ferrovial during the second quarter valued at approximately $69,715,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Ferrovial by 5.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,628,846 shares of the company's stock worth $69,830,000 after buying an additional 89,293 shares during the last quarter. Institutional investors own 22.28% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on FER. Royal Bank of Canada raised shares of Ferrovial to a "hold" rating in a research report on Tuesday, November 12th. Bank of America upgraded shares of Ferrovial from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd.
Get Our Latest Stock Analysis on Ferrovial
Ferrovial Trading Down 0.3 %
Ferrovial stock traded down $0.11 during mid-day trading on Friday, hitting $43.18. The stock had a trading volume of 46,037 shares, compared to its average volume of 30,838. The firm's 50 day moving average is $40.68 and its 200 day 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 announced a -- dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a dividend of $0.0366 per share. The ex-dividend date of this dividend is Monday, December 16th.
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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