Public Sector Pension Investment Board Increases Holdings in Ferrovial SE (NASDAQ:FER)

Public Sector Pension Investment Board increased its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 23.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 270,514 shares of the company's stock after buying an additional 50,900 shares during the period. Public Sector Pension Investment Board's holdings in Ferrovial were worth $11,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new position in shares of Ferrovial during the second quarter valued at $921,680,000. Legal & General Group Plc bought a new stake in Ferrovial during the 2nd quarter valued at $325,256,000. Toronto Dominion Bank purchased a new position in shares of Ferrovial in the 2nd quarter valued at $79,653,000. Bank of Montreal Can bought a new position in shares of Ferrovial in the 2nd quarter worth $69,715,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Ferrovial during the 2nd quarter worth $59,403,000.

Ferrovial Stock Up 0.6 %

Ferrovial stock traded up $0.25 during midday trading on Friday, hitting $41.37. 35,890 shares of the company were exchanged, compared to its average volume of 28,059. The stock's fifty day simple moving average is $40.69. Ferrovial SE has a fifty-two week low of $35.30 and a fifty-two week high of $48.29.

Ferrovial Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be paid a $0.4592 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from Ferrovial's previous -- dividend of $0.33.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Ferrovial to a "hold" rating in a research note on Tuesday, November 12th.

Ferrovial 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.