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Fmr LLC Sells 485,490 Shares of Ferrovial SE (NASDAQ:FER)

Ferrovial logo with Finance background

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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Institutional Ownership by Quarter for Ferrovial (NASDAQ:FER)

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