National Bank of Canada FI grew its position in shares of Ferrovial SE (NASDAQ:FER - Free Report) by 1,483.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,560 shares of the company's stock after purchasing an additional 224,431 shares during the quarter. National Bank of Canada FI's holdings in Ferrovial were worth $10,288,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Ferrovial in the 2nd quarter worth about $985,000. Bank of New York Mellon Corp bought a new position in shares of Ferrovial during the 2nd quarter worth approximately $48,282,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Ferrovial in the 2nd quarter valued at $11,119,000. Crossmark Global Holdings Inc. bought a new stake in shares of Ferrovial in the 2nd quarter valued at $1,291,000. Finally, Maryland State Retirement & Pension System bought a new position in Ferrovial during the second quarter worth $23,691,000. 22.28% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on FER. Royal Bank of Canada raised Ferrovial to a "hold" rating in a report on Tuesday, November 12th. Bank of America upgraded Ferrovial from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd.
Read Our Latest Research Report on Ferrovial
Ferrovial Stock Up 0.8 %
FER traded up $0.32 during midday trading on Wednesday, hitting $42.52. The stock had a trading volume of 46,809 shares, compared to its average volume of 30,723. Ferrovial SE has a 1 year low of $35.30 and a 1 year high of $48.29. The business has a fifty day moving average of $40.66 and a 200 day moving average of $40.77.
Ferrovial Cuts Dividend
The firm also recently declared a -- dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a dividend of $0.0366 per share. The ex-dividend date is Monday, December 16th.
About Ferrovial
(
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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