Franklin Resources Inc. decreased its holdings in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 80.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,171 shares of the company's stock after selling 44,562 shares during the quarter. Franklin Resources Inc.'s holdings in Ferrovial were worth $472,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Susquehanna International Securities Ltd. purchased a new stake in Ferrovial during the second quarter worth approximately $228,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ferrovial during the 3rd quarter valued at about $296,000. Oppenheimer Asset Management Inc. acquired a new position in Ferrovial during the 2nd quarter worth approximately $307,000. Hancock Whitney Corp purchased a new position in Ferrovial in the 2nd quarter worth approximately $352,000. Finally, Acadian Asset Management LLC acquired a new stake in Ferrovial in the second quarter valued at approximately $370,000. Hedge funds and other institutional investors own 22.28% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on FER. Royal Bank of Canada upgraded shares of Ferrovial to a "hold" rating in a research note on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd.
Check Out Our Latest Stock Analysis on Ferrovial
Ferrovial Stock Performance
FER stock traded down $0.26 during midday trading on Wednesday, reaching $42.03. The company had a trading volume of 78,235 shares, compared to its average volume of 32,649. The stock has a 50 day moving average price of $41.01 and a 200 day moving average price of $41.03. 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 declared a -- dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.0366 per share. The ex-dividend date was Monday, December 16th.
Ferrovial 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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